Balmoral Funds’ Acquisition of Trecora Resources

Morgan Lewis represented Trecora Resources in the transaction.

Trecora Resources, a provider of specialty hydrocarbons and specialty waxes, announced its definitive merger agreement with an affiliate of Balmoral Funds LLC. Under the terms of the agreement, Balmoral will acquire Trecora for $9.81 per share in a cash tender offer transaction that values Trecora at an enterprise value of $247 million. 

Trecora owns and operates a specialty petrochemicals facility specializing in high-purity hydrocarbons and other petrochemical manufacturing and a specialty wax facility. Balmoral is a Los Angeles-based private equity fund.

Morgan Lewis’ team included partner Benjamin Wills (Picture) and associates Richard Umbrecht and Michael Brown.

Involved fees earner: Michael Brown – Morgan Lewis & Bockius; Richard Umbrecht – Morgan Lewis & Bockius; Benjamin Wills – Morgan Lewis & Bockius;

Law Firms: Morgan Lewis & Bockius;

Clients: Trecora Resources;