Baker Botts Represents Colfax Corporation In $185M Acquisition Of Roots From GE Oil & Gas

Colfax Corporation, a leading global manufacturer of gas- and fluid-handling and fabrication technology products and services, announced that it has entered into a binding agreement to acquire the Roots blowers and compressors business unit ("Roots"), also known as Industrial Air & Gas Technologies, from GE Oil & Gas for cash consideration of $185M.

Roots is a leading supplier of blower and compressor technologies which service a broad range of end markets, including water treatment, chemical production, and power generation. This acquisition will build on Colfax’s global strength in compressors and blowers and will add important application expertise and product solutions to the portfolio.

Baker Botts L.L.P., a leading international law firm, served as legal advisor to Colfax Corporation in connection with the acquisition.

Target: Roots blowers and compressors business unit (also known as Industrial Air & Gas Technologies)

Outside Counsel to Colfax: Baker Botts L.L.P.

Other Party: GE Oil & Gas

Outside Counsel to GE Oil & Gas: Jones Day L.L.P.

Value: US$ 185M

Baker Botts Lawyers/Office Involved:

• Corporate: Jim Marshall (Partner, Houston) and Grant Jones(Associate, Houston)
• Benefits: Gail Stewart (Partner, Houston); Jennifer Trulock(Partner, Dallas); Krisa Benskin (Senior Associate, Houston)
• Environmental: Aileen Hooks (Partner, Austin) and Nicholas Graham (Associate, Austin)
• Tax: Don Lonczak (Partner, Washington) and Peter Farrell(Associate, Washington)
• Real Estate: Chris Wilson (Partner, Houston) and Dan Kruger (Associate, Houston)
• IP: Mitch Lukin (Partner, Houston) and Lindsay Volpenhein(Associate, Houston)
• Competition/Antitrust: Catriona Hatton (Partner, Brussels);Joe Ostoyich (Partner, Washington); Adam Dawson(Associate, Brussels); Mike Bodosky (Special Counsel, Washington)

For more information, please see Colfax’s news release by clicking here(https://bbreaction02.bakerbotts.com/rs/ct.aspx?ct=24F76819DEE70AEDC1D180A8DB2B9911DDBE4185FEB4210).

About Baker Botts L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 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. Throughout our 175-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, visit BakerBotts.com.