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    OFS sells Vision Oil Tools to B/E Aerospace

    OFS Energy Fund

    OFS Energy Fund (OFS) has closed the sale of Vision Oil Tools, a Fund II portfolio company, to BEA Logistics Services LLC, a wholly-owned subsidiary of B/E Aerospace Inc. (B/E). This acquisition furthers B/E’s initiative to expand its consumables management segment into the oilfield rental equipment, logistics and services business. Gary Roberts, Vision’s CEO, along with the remainder of Vision’s management team will remain with the business post-transaction. The acquisition purchase price, including expenses, was approximately $145 million. An additional payment of approximately $35 million may be paid in 2015 subject to Vision achieving certain financial results during 2014.

    Simmons & Company International served as exclusive financial advisor to Vision in the transaction.

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