USS HardTech, LLC agreed to acquire US Synthetic Corporation from ChampionX Corporation (NasdaqGS:CHX) for $300 million on February 24, 2025. A cash consideration of $300 million will be paid by USS HardTech, LLC. As part of consideration, $300 million is paid towards common equity of US Synthetic Corporation. The transaction is subject to approval by regulatory board / committee,closing of the previously announced transaction between ChampionX and Schlumberger Limited and subject to antitrust regulations. As per the filing announced on April 10, 2025, United Kingdom Competition and Markets Authority is undertaking the review and the transaction is anticipated closing in Q2 or early Q3. As per the filing announced on April 30, 2025, Norwegian Competition Authority is undertaking Phase 2 review.

Evercore Inc. acted as financial advisor for LongRange. William J.O?Brien,Lisa Krausz Eisenberg,Peter E.Fisch,J. Todd Hahn,Annie Herdman,Lindsay B.Parks,Jonathan H.Ashtor,Audrey M.Paquet,Aidan Synnott,Marc Shepsman,Nathan Mitchell,Thomas V.de la Bastide III,Cullen L.Sinclair and Angelo Bonvino of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for LongRange. Centerview Partners LLC acted as financial advisor for ChampionX Corporation. Annemargaret Connolly, Claudia Lai, Dennis F. Adams III, Devon Bodoh, Jeffrey H. Perry, Matthew D. Morton, Megan Granger, Michael J. Aiello, Paul J. Wessel, Rebecca Sivitz, Shawn Brett Cooley, Timothy C. Welch, Vynessa Nemunaitis, Catherine Minji Kim, and Blake Bitter of Weil, Gotshal & Manges LLP acted as legal advisor for ChampionX Corporation. Christopher R. Drewry, Ryan J. Maierson of Latham & Watkins LLP acted as legal advisor to ChampionX Corporation.

USS HardTech, LLC completed the acquisition of US Synthetic Corporation from ChampionX Corporation (NasdaqGS:CHX) on July 21, 2025. As a part of transaction, Rob Galloway will continue to lead the Company as Chief Executive Officer & President.