Paul Weiss Counsels Wellspring In $122M Omni Deal

Law360, New York (June 4, 2010, 1:59 PM EDT) -- Omni Energy Services Corp. said Friday it had agreed to be acquired by an affiliate of private equity firm Wellspring Capital Management LLC in a deal worth about $122 million including the assumption of debt.

Carencro, La.-based Omni, which provides environmental and seismic services to the U.S. oil and gas industry, said the offer of $2.75 per share in cash was a 29.7 percent premium over the closing price of its shares Thursday.

Brian J. Recatto, Omni's president and CEO, said the deal would offer an...
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