Lufkin Industries Inc. agreed to acquire North American Rod Lift Business of from Schlumberger Limited (NYSE:SLB) in the third quarter of 2020. Under the terms of the consideration, the transaction will be settled in cash. Lufkin Industries Inc. completed the acquisition of North American Rod Lift Business of from Schlumberger Limited (NYSE:SLB) on November 2, 2020. Simmons Energy, A Division of Piper Sandler and acted as financial advisor and Piper Sandler Companies Angelo Bonvino, Robert Zochowski, Bruce Gruder, Aidan Synnott, Allan Arffa, Peter Jaffe, Rachel Fiorill, Andrew Gaines, Lisa Krausz Eisenberg, Reuven Falik, Uri Horowitz, Charles Googe, David Mayo, Robert Holo, Peter Fisch, Marta Kelly, William O'Brien and Richard Elliott of Paul, Weiss, Rifkind, Wharton & Garrison LLP and Dentons US LLP served as legal advisors to Lufkin and its affiliates. Parks Paton Hoepfl & Brown acted as financial advisor and Rob Shearer, Mike Warnecke, Stacy Kobrick, Jocelyn Tau, Rolf Zaiss, Robin Schachter, Madeline Lewis, David Quigley, Andrew Oelz, Richard Frank, Stuart Graves and Brian Patterson of Akin Gump Strauss Hauer & Feld LLP acted as legal advisors to Schlumberger in the transaction.