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.
Law Firms: Morgan Lewis & Bockius;
Clients: Trecora Resources;