Stanley in Oil & Gas Sector Acquisition

Cleary Gottlieb is representing Stanley, Black & Decker in its acquisition of CRC-Evans from a group of investors led by private equity firm, Natural Gas Partners, for $445 million in cash, as announced on July 29.

CRC-Evans is a full-line supplier for specialized tools, equipment and services used in the construction of large diameter oil and natural gas transmission pipelines.

Natural Gas Partners is a Texas based family of private equity funds that is part of the investment platform of NGP Energy Capital Management, an investment franchise in the natural resources sector with over $9 billion in cumulative capital under management.

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, infrastructure solutions and more.