The private shareholders of JSS Roustabouts, LLC have sold a 80% stake in the company to The Willistown Group for US$3 million.
JSS Roustabout, LLC provides general roustabout and maintenance services for oilfield applications including drilling and pipeline maintenance operations.
Oaklins' team in Dallas engaged the selling shareholders and located a private equity firm that would recapitalize the company and allow the selling shareholders to reinvest 20% of their selling proceeds into the new entity. Therefore, the team delivered financial return to its client along with future earnings and sale proceed opportunities, while substantially reducing the risk profile of the company's future financial condition.
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