Stout is pleased to announce its client, certain investors in SRI Energy Inc. and SRI Energy Valves Pvt. Ltd. (collectively “SRI”), has acquired all remaining outstanding shares from other existing shareholders. Stout advised the acquiring shareholders and senior management team on the acquisition of the existing shares of SRI.

SRI, headquartered in the greater Houston area with additional manufacturing operations in India, provides highly engineered oilfield equipment and systems used in the drilling and production of oil and gas, including a complete line of valves, flowheads, choke and kill manifolds, standpipe manifolds, and other engineered solutions.

“We are very pleased with the strategic guidance provided by Stout’s Energy team. We relied heavily on Stout Managing Director Todd Parsapour's extensive cross-border transaction experience as we navigated the complex process of acquiring shares from individuals located in different countries,” said SRI CEO and President Radha Sundararajan. “This transaction will enable us to streamline our strategic growth initiatives, benefiting our employees, customers, and suppliers.”

“SRI has proven itself as an industry leader in engineering high-pressure and high-temperature valves and pressure control equipment used in subsea and other extreme drilling and production applications,” said Todd Parsapour, who is Head of the Energy practice within the firm's Investment Banking group. “We hope to collaborate with the SRI team again in the future as we anticipate their impressive growth will continue.”

Stout’s Nick Dreps and Conrad Hahne assisted on the transaction. Jones Walker LLP served as U.S. legal counsel and Mulla & Mulla & Craigie Blunt & Caroe served as Indian legal counsel on the transaction.

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