KM Services, Pro-Flow Sell To UK-Based Upstream Services Company

2012-07-30 23:12:00 (GMT) ( - News Providers News)

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Doeren Mayhew firm TR Moore & Company has sold its client, KM Services, and related business Pro-Flow Fabrication Technologies to United Kingdom-based Enteq Upstream plc.

/, TX — Doeren Mayhew firm TR Moore & Company has sold its client, KM Services, and related business Pro-Flow Fabrication Technologies to United Kingdom-based Enteq Upstream plc.

Based in Houston, KM Services manufactures Directional Drilling and Measurement While Directional Drilling (MWD) components, while Pro-Flow fabricates MWD kit boxes and other related products. Serving the upstream oil and gas services market, Enteq’s acquisition allows the company to significantly add to its critical component offerings in the MWD technology space.

With extensive experience transacting in the manufacturing industry, the Houston investment banking team at TR Moore & Company was selected by the seller to take M&R Industries to market; handle buyer discussions and indications of interest through the signing of the letter of intent; and negotiate all aspects of the deal.

“Having worked with the CEO on a prior transaction, our client sought our particular expertise in the oil and gas manufacturing sector,” says Steven Silverman, CM&AA, director of investment banking at TR Moore & Company. “This experience combined with a thorough target search and marketing process enabled us to locate the right buyer, identify the opportunity to sell the related business, and ultimately arrive at an optimum sale price for the client.”

Jeff Dinerstein, a partner in the Haynes and Boone, LLP Houston office, advised KM Services and Pro-Flow Fabrications on the sale of its assets to Enteq, managing the transaction to close on time. In addition to negotiation assistance, Dinerstein led all transaction documents for KM Services and Pro-Flow Fabrications, including schedules, exhibits and ancillary agreements. He is part of the firm’s mergers and acquisitions practice group.

About TR Moore & Company, A Doeren Mayhew Firm:
The Southwest regional location of top 100 CPA firm Doeren Mayhew, TR Moore & Company is a Houston CPA firm that goes beyond traditional accounting to help owners of mid-sized businesses reach their profitability and exit objectives. Specializing in accounting for manufacturing, service, wholesale, retail, construction/real estate, energy and technology companies, the firm provides Insight into a client’s business and industry, Oversight of accounting practices and Foresight for what’s ahead. For more information, visit Securities offered through Grant Williams, LP, member FINRA and SIPC.

About Haynes and Boone, LLP:
Haynes and Boone, LLP is an international corporate law firm with offices in Texas, New York, California, Washington D.C., Mexico City and Moscow, providing a full spectrum of legal services. With more than 525 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal and has been named a “Top Corporate Law Firm in America” (Corporate Board Member Magazine, 2001-2012).

Media Contact
Merrisa Milliner
TR Moore & Company/Doeren Mayhew
2603 Augusta Drive, Suite 1100
Houston, TX 77057

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