ChampionX Co. (NASDAQ:CHX) Shares Bought by HighTower Advisors LLC

ChampionX Co. (NASDAQ: CHX) is a leading provider of high-performance materials and solutions for a wide range of industries, including automotive, aerospace, energy, and industrial manufacturing. The company was founded in 1983 and has its headquarters in Charlotte, North Carolina.

On August 25, 2021, HighTower Advisors LLC announced that it had purchased approximately 4.7 million shares of ChampionX Co.'s common stock from a third-party seller for $16.50 per share. The transaction was valued at approximately $78.9 million and represented a significant investment in the company.

HighTower Advisors LLC is a private equity firm that focuses on investing in companies across a variety of industries, including technology, healthcare, and consumer goods. The firm has offices throughout North America and Europe and has been active in the market since 2013.

The purchase of ChampionX Co.'s shares by HighTower Advisors LLC is seen as a positive development for the company, as it provides additional capital to support its growth initiatives and may also signal increased confidence in the company's future prospects.