News Releases

Baker Botts Advises ESCO Corporation in Sale of Ulterra Drilling Technologies, L.P. to American Securities LLC


Deal Description: July 18, 2016 - American Securities LLC, a leading U.S. private equity firm, today announced its acquisition of Ulterra Drilling Technologies, L.P. ("Ulterra") in partnership with Ulterra's management team. Ulterra is a leading manufacturer of polycrystalline diamond compact drill bits for the oil and gas industry. Ulterra was owned by ESCO Corporation. Financial terms of the transaction were not disclosed.

Baker Botts L.L.P. represented ESCO Corporation in the transaction.

Baker Botts Lawyers/Office Involved: Corporate: Tull Florey (Partner, Houston); James Marshall (Partner, Houston); Jonathan Bobinger (Senior Associate, Houston); Grant Jones (Senior Associate, Houston); Stephen Noh (Associate, Houston). Tax: Jon Nelsen (Partner, Austin). Employee Benefits & Executive Compensation: Gail Stewart (Partner, Houston). Antitrust: Thomas Dillickrath (Partner, Washington). International Trade: Paul Luther (Partner, Houston). Intellectual Property: Mitchell Lukin (Partner, Houston). Environmental: Scott Janoe (Partner, Houston).

For more information, please see American Securities’ news release by clicking here.


Baker Botts is an international law firm of approximately 650 lawyers practicing throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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