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The Texas Lawbook

Free Speech, Due Process and Trial by Jury

  • Appellate
  • Bankruptcy
  • Commercial Litigation
  • Corporate Deal Tracker
  • GCs/Corp. Legal Depts.
  • Firm Management
  • White-Collar/Regulatory
  • Pro Bono/Public Service/D&I

CDT Roundup: Stable, Not Sluggish as Dealmakers Find Their March Rhythm

March 29, 2026 Jason Philyaw

The week ended March 28 saw 13 deals with a total reported value of $10.7 billion. The week prior boasted 11 deals valued at $7.5 billion. This time a year ago, there were 21 deals valued at nearly $8.2 billion. We’ll choose to reckon stability in those numbers.

Last week’s deals had Texas companies in transactions for increased investment in healthcare-related AI platforms, more data centers, and geothermal power development. While Texas lawyers advised on deals for a gas-fired power plant in the West Texas town of Pecos, a mining outfit in Greenland, and a Canadian provider of liquid cooling technologies for AI development. 

Have a deal we should include next week?

The CDT Roundup is a regular feature from The Texas Lawbook highlighting the work Texas dealmakers are doing inside and outside the state.

Please let us know at CDTRoundup@texaslawbook.net by sharing a news release or a short blurb containing the date of the deal, a brief description, a link to any public announcement, the lead lawyers and their offices, as well as any Texas lawyers who advised on the deal.

Allen Pusey contributed to this report.

Weekly Corporate Deal Tracker Roundup Stats

A compilation of weekly stats from The Lawbook's CDT Weekly Roundup
(Deal Values in Millions)

Week Ending
Deal CountAmountFirmsLawyersM&A CountM&A Value $MCapM Count
CapM Value $M
28-Mar-2613$10,7411069$7,2504$3,491
21-Mar-2611$7,52791146$5,9855$1,631
14-Mar-2613$5,980121347$1,4726$4,508
07-Mar-2613$48,14081189$41,7764$6,364
28-Feb-2611$7,312111025$4,7756$2,537
21-Feb-2610$7,08771807$6,1873$899
14-Feb-2614$20,46091519$16,4405$4,020
7-Feb-268$316,505112038$316,50500
31-Jan-2611$3,9858727$1354$3,850
24-Jan-268$1,34051207$9851$355
17-Jan-2619$18,4401020313$12,9636$5,477
10-Jan-2618$8,9581218217$8,3581$600
03-Jan-262$1,5192171$18.81$1,500
27-Dec-252$3,2002152$3,20000
20-Dec-2511$10,1678967$7,4114$2,756
13-Dec-2515$9,9521021111$6,2674$3,686
06-Dec-2516$9,947119413$8,0913$1,856
29-Nov-256$4,0755602$1754$3,900
22-Nov-2520$5,5461416614$3,3096$2,238
15-Nov-2516$16,373111368$4,7908$11,583
08-Nov-2521$75,9191519115$70,6306$5,289
01-Nov-2520$25,9271215214$21,4556$4,472
25-Oct-2519$61,4701426218$60,8941$576
18-Oct-2514$47,7921213013$46,5921$1,200
11-Oct-2514$17,36191047$14,4447$2,917
04-Oct-2521$20,8431523610$15,37611$5,467
27-Sept-2516$22,7741221910$19,1036$3,671
20-Sept-2524$11,3051323816$6,2098$5,096
13-Sept-2520$26,575 1122512$20,9718$5,604
06-Sept-2519$8,6221219013$2,8806$8,622
30-Aug-2510$6,56991097$3,5193$3,050
23-Aug-2523$15,2071012918$14,5005$707
16-Aug-2513$26,405121497$3,1806$23,225
09-Aug-2519$16,0661624515$11,3074$4,759
02-Aug-2517$19,4801110413$18,0024$1,478
26-Jul-2515$3,164129612$3,00233$162
19-Jul-2514$6,08014979$4,1655$1,915
12-Jul-2515$13,0121420812$10,9023$2,110
05-Jul-259$15,7788914$7,2805$8,498
28-Jun-2513$7,77781547$2,0316$5,746
21-Jun-2516$5,9841011311$3,0875$2,897
14-Jun-259$4788133603$478
07-Jun-2516$26,2101119611$24,7445$1,466
31-May-2519$23,3811116612$18,6657$4,717
24-May-2515$24,0331112113$23,6242$409
17-May-2516$21,7601214511$18,6155$3,145
10-May-2524$33,1751620619$30,7655$2,410
03-May-2511$4,249139011$2,226.52$2,022.5
26-Apr-2512$8,78791689$6,0113$2,776
19-Apr-2511$8,09771389$7,9852$112
12-Apr-2513$2,392815210$2,0653$327
05-Apr-2519$27,7621518816$25,4733$2,289
29-Mar-2521$8,1881025816$4,1255$4,064
22-Mar-2519$6,4851423115$4,1284$2,857
15-Mar-2513$13,7371315110$9,9324$3,805
8-Mar-257$2,2345665$2242$2,100
1-Mar-2511$3,05087510$2,5501$500
22-Feb-2512$16,39771496$6,6356$9,862
15-Feb-2517$12,1361313410$9,4112$2,725
8-Feb-2514$7,15491799$4,9505$2,204
1-Feb-2516 $10,068720011$7,5535$2,515
25-Jan-2514$10,261101259$2,2075$8,054
18-Jan-2519$7,3821531612$2,3007$5,082
11-Jan-2521$33,5601618716$32,5215$1,039
4-Jan-259$6,8279809$6,82700
21-Dec-2411$2,79811928$2,2293$570
14-Dec-2415$5,3231218612$3,8123$1,511
07-Dec-2416$4,7661023111$2,32152,445
30-Nov-2410$10,29191034$8,2906$2.001
23-Nov-2415$4,5531515311$3,3794$1,174
16-Nov-2417$11,4881124513$10,1864$1,303
09-Nov-2414$2,1101213912$1,4102$700
02-Nov-2412 $52,788 1110711$52,7381$50
26-Oct-248$3,1608657$3,0651$75
19-Oct-2412$5,3041113611$4,5541$750
12-Oct-2417$8,4381215015$8,1162$322
05-Oct-2422$23,1811218915$19,9807$3,201
28-Sep-2411$2,35671447$534$2,303
21-Sep-2412$9,568101695$4,1017$5,467
14-Sep-2424$10,9881223516$7,1758$3,813
7-Sep-2412$20,4201616811$20,3071$112.9
31-Aug-2413$20,631913412$14,7751$5,856
24-Aug-2419$8,4522132516$7,1023$1,350
17-Aug-2425$49,1961630411$39,38614$9,810
10-Aug-2420$12,2641531216$9,7944$2,470
03-Aug-2426$16,4981633418$8,1378$8,361
27-Jul-2419$16,4422127115$13,8384$2,604
20-Jul-2415$16,0161418410$14,2325$1,784
13-Jul-2420$17,220 1426518$7,146 2$10,074
6-Jul-2411$3,941 11958$2,650 3$1,291
29-Jun-2414$6,296 152248$6,296 6$1,927
22-Jun-2412$5,679 81375$210 7$5,469
15-Jun-2413$9,895 1621410$5,280 3$4,615
8-Jun-2419$23,859 1323912$19,436 7$4,423
1-Jun-2412$34,510 111479$26,110 3$8,400
25-May-2413$9,684 1517110$4,434 3$5,250
18-May-2411$5,490 111738$3,129 3$2,361
11-May-2422$14,855 1422716$11,105 6$3,750
4-May-2413$3,139 98710$1,297 3$1,842
27-Apr-2410$6,684 62810$6,684 00
20-Apr-2419$15,989 111479$5,208 10$10,781
13-Apr-2413$8,952 97610$1,652 3$7,300
6-Apr-2423$26,616 1422214$13,501 8$13,116
30-Mar-2412$9,286 81368$4,299 4$4,987
23-Mar-2418$5,451 1726616$4,759 2$692
16-Mar-2421$11,437 1318614$9,316 6$2,070
9-Mar-2423$4,695 2121819$2,723 4$1,972
2-Mar-2420$9,108 1937214$4,558 6$4,550
24-Feb-2419$16,382 1224815$9,507 4$6,875
17-Feb-2416$29,932 1515712$29,216 4$716
10-Feb-2425$10,750 1719619$5,372 6$5,379
3-Feb-2412$8,416 181259$3,416 3$5,000
27-Jan-249$8,165 9878$7,815 1$800
20-Jan-2414$4,084 1210912$3,219 2$865
13-Jan-2417$33,588 1225612$26,765 5$6,823
6-Jan-248$7,915 8846$7,265 2$650
30-Dec-2317$14,599 129915$2,714 2$11,885
23-Dec-2323$4,182 1321916$1,813 7$2,370
16-Dec-2313$16,436 132807$15,150 5$1,286
9-Dec-2326$14,633.90 1724416$8,095 10$6,538.90
2-Dec-2313$6,720 95712$6,630 1$90
25-Nov-239$4,835 91316$1,785 3$3,050
18-Nov-2322$6,568.70 1718414$4,709.20 8$1,859.50
11-Nov-2315$9,825 1317912$6,581 3$3,244
4-Nov-2315$20,582.50 1419312$19,417.50 3$1,165
28-Oct-2318$68,419.10 1815215$66,646 3$1,773.10
21-Oct-2316$6,755.90 1616515$6,755.90 1$3
14-Oct-2314$67,851.20 131259$61,998.50 5$5,852.70
7-Oct-2317$6,595.50 1322816$5,995.50 1$600
30-Sep-2317$1,896.45 1318914$806.45 3$1,090
23-Sep-2323$6,432.70 1723016$1,402.80 7$5,029.90
16-Sep-2325$23,226.70 2335316$17,239 9$5,987.70
9-Sep-2312$6,369 81027$4,311 5$2,058
2-Sep-2314$2,522 69213$1,322 1$1,200
26-Aug-2317$12,160.25 1320215$6,573.25 2$5,587.00
19-Aug-2319$11,505 1321315$11,255 4$250
12-Aug-2319$9,698.80 131847$3,270 12$6,428.80
5-Aug-2313$5,201 1211812$5,051 1$150
29-Jul-2315$21,031.60 1319611$18,292.00 4$2,739.60
22-Jul-2318$3,992 1213013$2,808 5$1,184
15-Jul-2313$8,254.95 138113$8,254.95 00
8-Jul-2316$5,441.45 1217211$2,443 5$2,998.45
1-Jul-2316$6,872 1010512$5,474 4$1,398
24-Jun-2313$10,914 1620110$7,874 3$3,040
17-Jun-2317$5,880.70 1515115$4,705.70 2$1,175
10-Jun-2319$8,516.10 1311116$6,252.40 3$2,263.70
June 3 202312$6,104.42 121388$4,256.92 4$1,847.50
27-May-2317$12,200 106711$6,165 6$6,035
20-May-2311$22,458.10 81034$19,455 7$3,003
13-May-2312$7,034 101018$5,460 4$1,574
6-May-2320$3,297.60 1819617$2,985.60 3$312
29-Apr-2323$3,691.20 1813517$1,969.70 6$1,721.50
22-Apr-2316$5,570 1410414$4,750 2$1,000
15-Apr-2312$23,818.10 95910$21,618.10 2$2,200
8-Apr-2316$7,949 91739$5,472 7$3,477
1-Apr-2321$18,676.70 1217511$10,926.70 10$7,750
25-Mar-2315$8,779.50 101415$2,362 10$6,416.50
18-Mar-237$14,048.80 6695$13,345 2$703.80
11-Mar-2321$11,576 1616516$8,131 5$3,445
4-Mar-2320$9,668 1122816$8,209 4$1,459
25-Feb-2313$5,335 1313012$4,235 1$1,200
18-Feb-2314$5,743.70 131588$898.70 6$4,845
11-Feb-2316$12,088 1213712$9,965 4$2,123
4-Feb-2317$8,066 1514013$5,614 4$2,452
28-Jan-237$2,180 7755$1,692.75 2$488
21-Jan-2317$5,768 1617412$1,918 5$3,850
14-Jan-2311$2, 800101028$421 3$2,400
7-Jan-2318$8,296 1116714$6,461 3$1,835
31-Dec-2214$2,732 119912$2,092 2$640
17-Dec14$7,919 1311512$7,419 1$500
10-Dec-2214$10,093 128811$7,093 3$3,000
3-Dec-2226$12,800.90 1117220$4,141 6$8,659.90
26-Nov-228$2,266.70 853$76 5$2,190.70
19-Nov-2221$2,886 1521219$2,550 2$336
12-Nov-2213$15,093.70 9819$14,200 4$893.70
5-Nov-222519,337.201650922$8,267.20 3$11,070
29-Oct-2215$7,805.30 911614$7,180.30 1$625
22-Oct-2220$8,193.50 1325313$5,442 7$2,751.50
15-Oct-229$3,046.10 91397$2,588.30 2$457.80
8-Oct-2219$2,011.80 1211416$833.80 3$1,178
1-Oct-2223$5,532.90 1615618$4,952.30 5$580.60
24-Sep-2218$5,194 1421615$4,050 3$1,144
17-Sep-2221$8,352.30 1232015$4,759.60 6$3,592.70
10-Sep-2215$19,853.50 1012613$19,403.60 2$450
3-Sep-229$2,312 9629$2,312 00
27-Aug-2216$30,891.70 1013515$30,666.40 1227.7
20-Aug-2212$1,977 815299253$1,052
13-Aug-2218$8,004.70 1124211$2,844.70 7$5,160
6-Aug-2224$7,948.90 1224017$3,577 7$4,371.90
30-Jul-228$6,941 9787$6,839 1$102
23-Jul-2211$801 119210$801 10
16-Jul-2214$3,650 1012214$3,650 00
9-Jul-2210$3,557.70 7689$3,557.70 10
2-Jul-2218$8,609.40 1315215$2,754.40 3$5,855
25-Jun-2215$6,142 131469$2,017 6$4,125
18-Jun-2217$11,890.10 1422815$11,410 2479.7
11-Jun-2217$7,600 1212310$2,300 7$5,300
4-Jun-2212$2,937 101279$692 3$2,245
28-May-229$3,197.60 11869$3,197.60 00
21-May-2214$7,284.50 1218511$6,609 3$675.50
14-May-2211$306.60 98010$306.60 1$225
7-May-2216$10,451.75 1210812$1,827 4$8,624.75
30-Apr-2216$2,296.50 1615712$895.50 4$1,401
23-Apr-2210$2,241 11588$1,641 2$600
16-Apr-2211$6,643 71568$2,359 3$4,284
9-Apr-2217$4,429 1418411$1,690 6$2,739
2-Apr-2213$1,755 88410$1,145 3$610
26-Mar-2211$3,205 8656$200 5$3,005
19-Mar-2213$2,239.17 910613$2,239.17 00
12-Mar-2218$12,016 1123915$11,965 2$51.35
5-Mar-2217$6,786 1313713$5,161 4$1,625
26-Feb-2212$5,095 81499$4,437.50 3$658
19-Feb-2217$22,229 1717414$21,354 3$875
12-Feb-2212$2,344.70 10738$641.70 4$1,703
5-Feb-2211$2,503 89911$2,503 00
29-Jan-2211$3,872 1210112$3,872 00
22-Jan-2213$5,143.50 109912$4,842.50 1$301
15-Jan-2212$7,605 91559$6,480 3$1,025
8-Jan-2213$8,256.20 1110213$8,256.20 00
1-Jan-229$1,273.80 6509$1,273.80 00
25-Dec-2121$4,734.75 1117616$3,410 5$1,324.75
18-Dec-2126$7,325.20 1519318$3,640.20 8$3,685.20
11-Dec-2116$5,017 1010913$1,417 3$3,600
4-Dec-2114$2,310 8868$2,310 6$1,882.05
27-Nov-219$3.460.1101016$1,758 3$1,702.60
20-Nov-2120$22,792 1515712$18,864.50 8$3,928
13-Nov-2121$26,729 1217813$11,822 8$14,907
6-Nov-2112$8,303 1315710$6,682 3$1,621
30-Oct-2121$10,368 1521815$9,24.46$1,103.00
23-Oct-2121$18.783.11522211$12,314 10$6,468.60
16-Oct-2115$3,868 1111815$2,293 2$1,575
9-Oct-2120$8,610 1617516$7,795 4$815
2-Oct-2114$6,250 1113710$5,200 4$1,050
25-Sep-2111$11,460 9937$10,200 4$1,250
18-Sep-2111$16,603 8998$15,084 3$1,519
11-Sep-2117$10,653 1110313$8,503 4$2,150
4-Sep-2113$7,222 108911$6,715 2$507
28-Aug-2112$763 96311$663 1$100
21-Aug-2112$29,659 77911$29,579 1$80
14-Aug-2122$17,845 1119912$12,805 10$5,04
7-Aug-2117$13,670 1213915$11,766 2$1,904
31-Jul-2121$8,160 1113410$3,574 10$4,586
July 24,202121$6,367 1113915$3,712 6$2,655
17-Jul-2114$4,009 1112412$2,015 2$1,994
10-Jul-2116$3,997 1314311$1,597 4$2,4
3-Jul-2124$7,492 139416$3,769 8$3,722
26-Jun-2110$4,995 7858$3,847 2$1,148
19-Jun-2128$16,830 82289$1,861 19$14,968
12-Jun-2126$27,238 1520919$25,602 7$1,636
5-Jun-2115$15,539 1310013$14,709 2$600
29-May-2135$20,279 1114528$18,647$1,639
22-May-2124$53,208 1417417$51,047 7$2,161
15-May-2118$10,620 1322011$5,870 7$4,809
8-May-2117$10,400 1115615$8,386 2$2,500
1-May-2121$7,200 1611512$3,808 9$3,392
24-Apr-218$20,200 9318$20,200 00
17-Apr-2114$6,270 810211$40,180 3$2,260
10-Apr-2115$8,940 1312914$7,990 1$950
3-Apr-2118$19,513 1015112$16,923 6$2,590
27-Mar-2127$13,942 1524414$4,300 13$9,633.50
20-Mar-2111$2,046 41023$270 8$1,776
13-Mar-2115$3,270 91096$538 9$2,732
6-Mar-2124$13,617 1019613$10,395 11$3,222
27-Feb-2119$8,105 1213915$4,970 4$3,135
20-Feb-219$8,820 91538$8,520 1$300
13-Feb-2112$4,852.60 78172,7665$2,086.60
6-Feb-2118$9,752 1315314$5,222 4$4,530
30-Jan-2118$9,449 918215$8,753.80 3$695.30
23-Jan-2114$8,150 81186$4,000 8$4,150
16-Jan-2117$6,783 1313811$2,400 6$4,382.90
9-Jan-2122$6,829 1413518$3,139.30 4$3,690
2-Jan-217$1,466 7607$1,466 00
26-Dec-2018$15,900 1216316$5,300 1$600
19-Dec-2018$9,769 1411014$8,426 4$1,343
12-Dec-2010$7,200 91009$3,325 1$3,830
5-Dec-2015$4,261 91229$2,780 6$1,481
28-Nov-2019$7,758 1011013$4,003 6$3,755
14-Nov-2014$864.10 1415712$289.10 2$575
7-Nov-2013$6,332 91299$2,483.50 4$3,849
31-Oct-2010$3,995.80 81036$3,231.10 4$754.70
24-Oct-206$18,100 6585$17,709 1$350
17-Oct-208$351.90 5558$351.90 00
10-Oct-207$5,229 3504$735 3$4,494
3-Oct-2014$21,428 91739$17,535 5$3,893
26-Sep-2010$12,770 8935$10,300 5$2,470
19-Sep-2014$8,365 91016$1,020 8$7,345
12-Sep-206$4,406 8593$1,270 3$3,136
5-Sep-2011$5,191 81179$4,061 2$1,130
29-Aug-2011$2,531 9945$1,130 6$1,401
22-Aug-2018$6,574 121407$1,930 11$4,644
15-Aug-2013$4,991 10977$1,216 6$3,775
8-Aug-2012$32,092 111129$30,457 3$1,635
1-Aug-207$5,287 8765$3,687 2$1,600
25-Jul-209$18,751 6677$18,403 2$348
18-Jul-206$1,982.50 5504$1,407.50 2$575
11-Jul-2011$565.10 127510$65.10 1$500
4-Jul-2010$8,889 8989$8,788 1$100.30
27-Jun-208$6,874 10505$4,972.50 3$2,081.50
20-Jun-2012$4,444 91157$2,829 5$1,615
13-Jun-206$3,582 4372$350 4$3,232
6-Jun-2011$3,213.70 8657$470 4$2,743.70
30-May-208$7,335 7486$4,639 2$2,697
23-May-204$432.40 4343$432.40 10
16-May-206$310 6345$310 10
9-May-2018$5,630 1612414$3,180 4$2,450
2-May-201510,40010908$1,900 7$,8,500
25-Apr-208$3,400 9365$1,000 3$2,450
18-Apr-2019$9,500 14928$185.70 11$9,360
11-Apr-2012$6,000 9405$190 7$5,800
4-Apr-2014$8,200 116810$2,200 4$6,000
28-Mar-2016$6,500 139610$3,700 6$2,800
21-Mar-2011$11,910 7337$2,250 4$9,960
14-Mar-207809.86346684.81125
7-Mar-2016$2,500 157013$669 3$1,400
29-Feb-2013$15,260 1312811$11,760 2$3,500
22-Feb-2012$3,700 109210$2,560 2$1,130
15-Feb-2016$1,250 108412$35 4$1,222
8-Feb-2018$6,080 1412314$2,595 4$3,485
1-Feb-2021$20,900 1210114$17,860 7$3,060
25-Jan-2013$7,430 136212$6,430 1$1,000
18-Jan-2023$9,580 1512019$6,580 4$3,000
11-Jan-2021$14,200 1819916$1,020 5$13,200
4-Jan-2022$6,400 1111916$3,204 6$3,245
28-Dec-1922$7,150 1917518$6,800 4$327.40
14-Dec-1924$36,300 2316719$9,500 5$26,800
7-Dec-1911$10,400 11557$1,082 4$9,370
November 30. 201914$2,450 1212612$1,760 2$692.50
23-Nov-1916$1,995 104111$615 5$1,380
16-Nov-1915$3,820 1313511$2,500 4$1,271
9-Nov-1925$12,900 1718223$12,200 2$575
2-Nov-1910$2,470 126192,4503$22
26-Oct-1912$5,560 147011$3,860 1$1,700
19-Oct-198$6,600 81388$6,600 00
12-Oct-1919$4,300 145516$3,800 3$500
5-Oct-1918$14,500 1916615$11,100 3$3,400
28-Sep-1919$8,100 1813218$7,560 1$550
21-Sep-1914$6,300 166611$2,160 3$4,170
14-Sep-1915$23,800 125611$21,250 4$2,570
7-Sep-1917$3,500 159814$1,900 3$1,600
31-Aug-195$8,700 6505$8,700 00
24-Aug-1916$10,000 148215$4,250 1$5,750
16-Aug-1910$1,680 5527$650 3$950
9-Aug-1917$17,700 156814$3,900 3$13,800
2-Aug-1913$5,760 1210813$5,760 NANA
27-Jul-1911$7,300 13768$6,570 3$730
20-Jul-1913$11,800 1312511$5,300 2$6,500
13-Jul-1910$775 7468$542.50 2$233
6-Jul-197$2,500 9857$2,500 00
29-Jun-1923$8,290 1515417$2,300 6$5,970
22-Jun-1917$10,700 1013914$7,700 3$3,000
15-Jun-1911$13,500 1416011$13,500 NANA
8-Jun-1913$2,870 175511$1,570 2$1,300
1-Jun-1910$4,460 11608$4,140 2$315
25-May-1917$4,360 147914$3,700 3$612
18-May-1922$9,000 1715016$3,400 6$5,600
11-May-1918$19,800 1717715$18,300 3$1,500
4-May-1910$7,075 6328$6,900 2$175
27-Apr-1915$3,200 1411714$3,160 1$40
20-Apr-1913$13,500 10909$12,200 4$1,300
13-Apr-1916$38,900 149114$37,800 2$1,100
6-Apr-1912$6,870 119410$6,730 2$50
30-Mar-1915$6,470 128410$7,91.55$5,677
23-Mar-1918$6,450 149114$5,042 4$1,408
16-Mar-1914$10,180 1211511$8,800 3$1,300
9-Mar-199$1,800 6498$1,300 1$500
2-Mar-1920$3,033 1610714$1,817 6$1,262
23-Feb-1912$2,040 8699$614.60 3$1,430
16-Feb-1916$9,970 187716$9,970 00
9-Feb-1914$6,400 1011014$6,400 00
2-Feb-1918$6,740 159916$5,720 2$950
26-Jan-1913$2,770 116711$918.95 2$1,850
19-Jan-1915$3,819 167612$2,594 3$1,225
12-Jan-1918$7,283 149215$1,683 3$5,600
5-Jan-1910$529 125010$529 00
22-Dec-1817$2,570 138714$941 3$1,629
15-Dec-1810$2,860 8268$264 2$2,600
8-Dec-1815$1,819 166512$552 3$1,267
1-Dec-1812$7,500 10909$1,200 3$6,200
28-Nov-1815$4,500 1110714$4,000 1$500
19-Nov-1818$6,137 139813$2,142 5$3,995
14-Nov-1818$9,200 1315215$8,500 3$694
6-Nov-1816$17,300 1618314$16,361 2$950
29-Oct-1814$14,400 1812717$13,800 1$600
24-Oct-1813$6,140 1312611$5,122 2$1,018
17-Oct-1818$18,390 1512514$12,292 4$6,098
10-Oct-1829$3,149 1810420$1,647 9$819
2-Oct-1818$9,300 116714$7,300 4$2,000
25-Sep-1813$7,000 117510$6,000 3$995
18-Sep-189$3,570 7449$3,570 00
11-Sep-1813$5,900 1013213$5,900 00
7-Sep-1814$5,000 158611$4,000 3$1,000
29-Aug-1815$20,700 147913$4,700 2$16,000
20-Aug-1810$12,400 11538$11,380 3$1,057
14-Aug-1812$19,900 121329$18,889 3$1,011
7-Aug-1816$68,600 1110613$67,259 3$1,340
31-Jul-1815$15,100 159511$13,060 4$2,060
23-Jul-1813$2,130 156010$1,804 3$1,100
17-Jul-1814$5,370 17989$4,310 5$1,100
9-Jul-1816$11,200 157410$11,080 6$862
3-Jul-1813$7,000 78112$6,330 1$750
25-Jun-1815$8,800 13979$4,970 6$3,930
18-Jun-1813$14,200 14807$221 6$14,290
11-Jun-1812$6,300 8968$5,910 4$803
6-Jun-1813$14,500 10888$14,154 5$579
31-May-1811$4,890 10638$3,240 3$1,790
22-May-1815$20,400 11639$19,808 6$885
15-May-1815$4,700 1510610$3,900 5$643
9-May-1811$1,400 13889$1,300 2$560
1-May-188$14,250 7887$13,400 1$450
24-Apr-1812$5,300 66111$4,470 1$800
17-Apr-189$1,800 10447$2,330 2$1,434
11-Apr-1811$2,500 8326$1,690 5$809
3-Apr-1815$13,400 111219$12,020 6$1,090
28-Mar-1810$4,000 10927$3,870 3$215
19-Mar-1817$5,800 135110$590 7$5,165
12-Mar-1815$3,130 114311$2,360 4$788
6-Mar-1819$5,400 1311610$1,530 9$4,860
27-Feb-1820$6,600 136914$5,530 6$1,030
19-Feb-1815$5,500 1411110$3,990 6$1,980
12-Feb-1823$10,900 1715712$7,110 11$3,840
5-Feb-1816$8,600 131007$1,330 9$7,800
30-Jan-1811$12,600 11685$7,300 6$4,982
24-Jan-1819$9,400 151295$2,010 14$7,337
18-Jan-1810$6,280 8492$2,100 8$4,188
9-Jan-1812$16,500 12929$15,890 3$475
3-Jan-1810$2,500 9478$2,350 2$150
27-Dec-1715$9,000 151139$7,568 6$1,784
18-Dec-1715$13,800 161649$13,010 7$1,118
11-Dec-1714$9,700 1012612$2,940 4$8,500
4-Dec-176$1,800 6315$1,510 1$300
28-Nov-177$3,850 8764$3,260 3$285
16-Nov-1710$2,700 10486$1,840 4$856
8-Nov-1715$2,380 179110$1,860 5$516
1-Nov-1712$4,700 17949$3,400 4$1,300
23-Oct-1715$10,500 106710$9,780 4$1,530
18-Oct-176$2,000 373$225 3$1,820
10-Oct-1712$6,570 1009$3,880 3$3,360
2-Oct-178$3,100 11193$1,630 5$1,750
25-Sep-178$4,880 8795$2,660 5$2,070
18-Sep-179$4,770 3$300 6$4,470
12-Sep-1711$4,430 8$2,030 3$2,400
1-Sep-174$1,310 3$317 1$1,000
23-Aug-1711$13,640 98$11,840 3$1,800

M&A/Funding

KKR sells CoolIT Systems to Ecolab for $4.75B

Deal Description: Minnesota-based Ecolab has agreed to acquire CoolIT Systems, a Calgary-based provider of liquid cooling technologies for AI and high-performance computing, from investment firm KKR for about $4.75 billion cash. Kirkland & Ellis advised KKR and CoolIT, while Covington & Burling advised Ecolab. At the close of the transaction, CoolIT employees will receive cash payouts based on a broad-based ownership program started with KKR’s involvement. Mubadala Investment Co., the Abu Dhabi sovereign wealth fund, was a co-investor in CoolIT. Click here to read The Lawbook’s coverage and see the lawyers involved.

EIG’s MidOcean Energy raises nearly $1.4B from Japanese energy firms, investors

Deal Description: EIG’s MidOcean Energy announced on March 17 that it raised more than $1.2 billion, including $500 million from Idemitsu Kosan, a Japanese petroleum refining company, and $790 million from undisclosed new and existing investors. The liquefied natural gas company said it has received substantial interest from investors seeking long-term exposure to the LNG sector, as it tries to raise up to $2 billion to build “a diversified, resilient, long-life global LNG platform.” On March 26, Shizuoka Gas Group said it invested $100 million in MidOcean Energy, as the energy utility located about 100 miles from Tokyo on the south coast of Japan expands further into natural gas and LNG.

MidOcean Outside Legal Counsel: Latham & Watkins

Latham Lead Lawyers: James McCrory (London), Jonathan Phay (London), Justin T. Stolte (Houston/New York), Charles Carpenter  (New York/Houston), Evelyne Girio (London), Hena Rupal (London) 

GulfTex Energy closes $1B recapitalization led by Endurance Investment Partners

Deal Description: San Antonio oil and gas company GulfTex Energy said on March 24 that it closed a $1 billion recapitalization transaction that includes “substantial unfunded equity commitments to support future M&A and continued growth.” GulfTex said the deal was led by Dallas energy and infrastructure investment platform Endurance Investment Partners with additional commitments from GulfTex management, PGIM Energy Partners, and other investors. GulfTex said it has leased over 100,000 acres and drilled more than 150 horizontal wells in the Eagle Ford shale formation since 2006.

GulfTex Energy Financial Advisor: Mitchell Energy Advisors

GulfTex Energy Outside Legal Counsel: Willkie Farr & Gallagher

Willkie Lead Lawyers: Sarah McLean (Dallas), Erin Kaufman (Houston), Matthew Block (New York)

Texas Lawyers: Morgan Butkus (Dallas), Katherine Lubrano (Dallas)

Endurance Investment Partners Outside Legal Counsel: Kirkland & Ellis

Kirkland Lead Lawyers: Kevin Crews (Dallas), KJ Pedersen (Dallas)

Texas Lawyers: Matthew Nadworny (Houston/Dallas), David Wheat (Dallas/Houston), Stephen Butler (Austin/Houston), Grant Newman (Houston)

Elsewhere: Lily Anne Rasel (Los Angeles)

Verily gets $300M investment from Series X Capital, Alphabet

Deal Description: Coppell-based AI-enabled health services company Verily said on March 19 that it received a $300 million investment led by Series X Capital, with participation from Alphabet, UCHealth, the University of Colorado Anschutz and other investors. Verily plans to use the funding to advance the next phase of its precision health AI strategy and said Alphabet will no longer having a controlling stake in the firm. Verily “graduated” from Google X a decade ago as one of Alphabet’s earliest “Other Bets,” focusing on breakthrough science and health-tech innovation. The company said it has changed its structure to a corporation from a limited liability company with this investment and is now known as Verily Health Inc.

Verily Chief Legal Officer: Laura O’Donnell

Verily Health Outside Legal Counsel: Jones Day

Jones Day Lead Lawyers: Taylor Stevens (San Diego/Silicon Valley), Jeremy Cleveland (Silicon Valley)

Eos SENOLYTIX, Pulmatrix merge in stock swap

Deal Description: Houston biotechnology company Eos SENOLYTIX Inc. and Massachusetts biotech firm Pulmatrix Inc. announced on March 26 an agreement to merge in a stock swap. Specific financial terms weren’t disclosed. The new company with operate as Eos SENOLYTIX Inc. and trade on Nasdaq under the symbol “EOSX.” Eos stockholders will receive new common shares of Pulmatrix, whose shareholders will own about 6 percent of the combined company. The companies said they also signed definitive agreements for private financings of $19 million, including $1 million from RCM Eos PIPE Holdings, a bridge component for Eos from RCM Eos Holdings managed by Rapha Capital Management. The companies plans to use proceeds to support the Eos proprietary MitoXcel platform, including its lead clinical candidate for sarcopenia and sarcopenic obesity.

Eos SENOLYTIX Advisor: Evolution Venture Partners

Eos SENOLYTIX Outside Legal Counsel: Wilk Auslander

Pulmatrix Financial Advisor: Palladium Capital Group

Pulmatrix Outside Legal Counsel: Haynes Boone

Haynes Boone Lawyers: Rick Werner (New York), Alla Digilova (New York)

Texas Lawyers: Simin Sun (Houston), Lisa Vasek (Houston), Victoria Lee (New York), Brent Duddles (Houston)

Pelican Acquisition Corp., Greenland Exploration, March GL in de-SPAC merger

Deal Description: Pelican Acquisition Corp. said on March 25 that it closed its de-SPAC merger with Greenland Exploration Ltd. and March GL Co. The SPAC also said the new entity will operate as Greenland Energy Co. and focus on the development of the nation’s natural resources in the Jameson land basin in southeast Greenland. The company’s stock began trading on Nasdaq under the symbol “GLND” on March 26. Larry G. Swets Jr. was named executive chairman of the new company and Robert Price was tapped to be CEO.

Greenland/Pelican/MarchGL Financial Advisor: ThinkEquity

Pelican Advisor: EarlyBirdCapital

Pelican Outside Legal Advisor: Celine & Partners

Greenland Outside Legal Advisor: Winston & Strawn

Winston Lead Lawyer: Mike Blankenship (Houston)

Texas Lawyers: Ming Lei (Houston), Armando Amador (Houston), Drew Pierce (Houston), Matthew Regens (Houston), Alexandra Santana (Houston)

March GL Outside Legal Advisor: Haynes Boone

Haynes Boone Lead Lawyers: Larry Shosid (Dallas) and Nick Davis (London)

Texas Lawyers: Maya Thomas (Dallas)

Mercuria Americas, Continental Resources partner on gas-fired plant

Deal Description: Mercuria Americas and Continental Resources announced on March 26 a partnership to build a 452MW gas-fired power plant in Pecos. Terms weren’t disclosed. Geneva-based energy and commodity firm Mercuria Americas began construction on the plant in September and said Oklahoma City-based Continental Resources has joined as a strategic partner, bringing its extensive Permian Basin footprint and operational expertise. The companies expect to start commercial operations in 2027. The power plant includes 24 reciprocating internal combustion engines that deliver “reliable, flexible generation that supports grid stability and complements renewable resources.” The companies said the project will supply electricity sufficient to power 200,000 homes.

Continental Resources Outside Legal Counsel: Vinson & Elkins

Vinson & Elkins Lead Lawyers: Matt Falcone (Houston), Stephanie Coco (Houston) and Mark Holmes (Houston)

Mercuria Americas Outside Legal Counsel: Latham & Watkins

Latham Lead Lawyers: James Garrett (Houston) and Ashley Nguyen (Houston)

Texas Lawyers: Logan McDowell (Houston), Natalie Merten (Houston),  Jim Cole (Houston),  Joshua Marnitz (Los Angeles/Houston), Jonathan Katz (Houston)

Elsewhere: Hamad Al-Hoshan (New York), Giancarlo Reanda (New York), Alice Dales (New York), Miles Primason (New York), Yian Wang (New York), Aaron Friberg (San Diego), Natasha Gianvecchio (Washington, D.C.), Erin Brown Jones (Washington, D.C.)

SRS Distribution Inc. acquires Mingledorff’s

Deal Description: SRS Distribution Inc. said on March 24 that it has acquired Mingledorff’s Inc., a wholesale HVAC distributor based in Peachtree Corners, Ga., with 42 locations in five states across the Southeast. Terms weren’t disclosed. SRS Distribution is a unit of The Home Depot and based in McKinney. The building products distributor with more than 1,250 locations across all 50 states and five Canadian provinces expects the acquisition to “bring more innovation and value” for its builder, general contractor and multifamily customers. President and CEO David Kesterton and the Mingledorff senior leadership team will continue to lead the company.

Mingledorff’s Financial Advisor: Houlihan Lokey

Mingledorff’s Outside Legal Counsel: Greenberg Traurig

Mingledorff’s General Counsel: Allison Brantley

The Home Depot Financial Advisor: BofA Securities

The Home Depot Outside Legal Counsel: Weil, Gotshal & Manges

SRS Distribution General Counsel: Dustin Gunderson

Advent acquires majority stake in Salt & Stone

Deal Description: Boston private equity firm Advent said on March 24 that it has agreed to acquire a majority stake in Salt & Stone, a Los Angeles-based, high-performance body care brand. Terms of the transaction weren’t disclosed. Advent said the company’s best-selling deodorant is available direct-to-consumer across the U.S., Canada and U.K., and at Sephora stores globally.

Advent Financial Advisor: Goldman, Sachs & Co.

Advent Outside Legal Counsel: Ropes & Gray

Salt & Stone Financial Advisor: Raymond James

Salt & Stone Outside Legal Counsel: Sidley Austin

Sidley Lead Lawyers: Emily Zipperstein (Century City), Ashley Moulder (Houston) and Jonathan R. Litsey (Dallas)

Texas Lawyers: Kelsey L. McKechnie (Houston), Banks Bruce (Dallas), Mary Kathryn Field (Dallas), Celeste A. Acevedo (Dallas), Zach Johnston (Dallas)

Elsewhere: Gregory A. Marrs (Chicago), Jonathan M. Westreich (Century City), Keanu Balani (Century City), Joanna Janica (Chicago), Sophie Arkusinski (Century City), Mary K. Marks (New York), Murray Reeve (London), Jason C. Semmes (Washington, D.C.), Chloe I. Larsen (New York), Dominique J. Vletter (London), Diane C. McEnroe (New York), Amy P. Lally (Los Angeles), Samuel N. Tiu (Los Angeles), Cathryn Le Regulski (Washington, D.C.), Emily M. Wajert (Los Angeles), Kristina H Daisak (Washington, D.C.), Sheri Porath Rockwell (Century City), Rachelle Soderstrom (San Francisco), Patrick Donaldson (San Francisco)

Capital Markets/Credit

Aligned Data Centers closes $2.58B credit facility

Deal Description: Plano-based Aligned Data Centers said on March 26 that it closed a $2.58 billion credit facility to support the continued expansion of U.S. data centers. The company said the loan is backed by six “high-performing, well-progressed assets” in its domestic portfolio and supported by “sophisticated insurance, pension fund, and other institutional capital.” Aligned Data Centers said the initial term of the credit is three years, with two one-year extension options.

Aligned Data Centers Outside Legal Counsel: Vinson & Elkins

Vinson & Elkins Lead Lawyers: Eamon Nolan (New York), East Berhane (Dallas), Maria Borges (New York) 

Fervo Energy gets $421M loans for geothermal power development in Utah

Deal Description: Houston-based geothermal power company Fervo Energy announced on March 19 the close of $421 million in debt financing for the first phase of its flagship Cape Station development. The financing package includes a $309 million construction-to-term loan, a $61 million tax-credit bridge loan and a $51 million letter of credit. Fervo said the Beaver County, Utah, facility will begin delivering power to the grid this year, reaching about 100 megawatts by early 2027, with plans to scale to 500 MW. The company said it has power purchase agreements with Southern California Edison, Shell Energy, and community choice aggregators.

Underwriters: RBC Capital Markets, Barclays, BBVA, HSBC, MUFG and Société Générale (co-lead arrangers); JPMorgan, Bank of America, Sumitomo Mitsui Trust Bank

Underwriters Outside Legal Counsel: Norton Rose Fulbright 

Fervo Energy Financial Advisor: RBC Capital Markets

Fervo General Counsel: Gustavo Torres

Fervo Outside Legal Counsel: White & Case

White & Case Lead Lawyers: Steven Otillar (Houston), Nadav Klugman (Chicago), John Donaleski (New York), Ruta Skucas (Washington, D.C.)

White & Case Texas Lawyers: Michael Chigbu (Houston), Luke Allen (Houston)

Elsewhere: Ejemen Ofoman (New York), Anisha Sivathas (New York), Michael Sykes (Washington, D.C.)

Infinity Natural Resources places $350M in preferred equity with Quantum, Carnelian

Deal Description: Latham also announced March 25 that it advising the placement agents in a $350 million private equity placement by Infinity Natural Resources aimed at increasing its stake in an investment partnership with Northern Oil and Gas in Ohio’s Utica Shale basin. Infinity announced on Feb. 19 that it was increasing its stake from 51 percent to 60 percent in the partnership which acquired the assets from Antero Resources and Antero Midstream in December 2025. The $350 million in preferred equity was acquired by Quantum Capital Group and Carnelian Energy Capital Management.

Placement Agent: BofA Securities

BofA Outside Legal Counsel: Latham & Watkins

Latham Lead Lawyers: David Miller (Austin) and Samuel Rettew (Austin)

Texas Lawyers: Rachel Collier (Austin), Carol Bale (Austin), Graham Core (Houston), Bryant Lee (Houston)

Elswhere: Joshua Martnitz (Los Angeles), Phil Goldberg (Los Angeles)

Navigator Holdings Ltd. closes $140M public offering

Deal Description: Navigator Holdings Ltd. announced on March 23 the closing of a public offering of 8 million common shares by global maritime firm BW Group Ltd. at $17.50 a share. The London-based company, which operates a fleet of handysize liquefied gas carriers and provides seaborne transportation services of petrochemical gases, did not offer any shares and did not receive any proceeds from the upsized public offering by BW Group, which is headquartered in Singapore with a major hub in Oslo and offices in Houston, London, and China. Navigator Holdings did purchase 3.5 million of shares at the offering price, funding the repurchase with cash. The company’s NYSE-listed shares closed trading on Friday at $18.92 and reached a five-year high of $21.25 in early March.

Underwriters: Citigroup, DNB Carnegie, Fearnley Securities and Pareto Securities (joint book-running managers)

Navigator Holdings General Counsel: John Reay

Navigator Holdings Outside Legal Counsel: Baker Botts

Baker Botts Lead Texas Lawyers: Sarah Dodson (Dallas), Chelsea Johnson (Houston), Akash Kurupassery (Houston), Lakshmi Ramanathan (Houston), Josh Espinosa (Dallas), Jon Lobb (Houston), Meaghan Christner (Houston), Aileen Hooks (Austin)

Elsewhere: Jennifer Rees (London), Amy Rees (London)

Late Arrivals and Other Matters …

TAV LLC announced earlier in March that it has acquired Pronto.ai, an autonomous vehicle company focused on industrial and mining sites. Terms weren’t disclosed. TAV LLC is part of Atoms, a new specialized robotics company led by Uber co-founder Travis Kalanick. Forbes reported on Kalanick’s launch of Atoms on March 13 via a podcast appearance and Vision statement on the new entity’s website, wherein Kalanick writes: “Though we’re less than one millionth of the way there, the inevitable destination is the singularity – superhuman intelligence and efficiency. Until then, Abundance will be creating more jobs, not less.” Latham & Watkins represents TAV LLC with a team led by Rachel Ratcliffe Payne in Austin, Tad Freese in San Francisco and Ian Nussbaum in New York. Other Texas lawyers advising the company include Jeff Serfass, Garrett Shaw, Robert Brown, Jack Bergantino, Andrew Abokhair and Saúl Aguirre-Villarreal in Austin.

Latham & Watkins Houston partner Christine Mainguy was their sole Texas lawyer advising underwriters in a secondary offering common shares in Medline, Inc. that priced on March 10. Medline is an Illinois-based medical and surgical products company. Similarly, Latham Houston partner Bryant Lee was the lone Texas lawyer on a team that advised Miami-based market maker and financial technology firm Citadel Securities Global Holdings in its March 25 pricing of $1.5 billion senior notes.

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