CDT Roundup: Power Moves Supercharge the Week
It was a week could be easily and properly labeled "Infrastructure Week." Of the 10 M&A transactions reported last week, eight were related to energy or data center/storage infrastructure or both.
Blackstone to Acquire TXNM Energy for $11.5B
The take-private deal fits the grid-based energy strategy of Blackstone, one of the largest data center operators in the nation.
NRG to Acquire 18 Gas-Fired Power Plants for $12B
The transaction doubles energy generation for the Houston-based company at a time when demand for dependable grid power for data centers is accelerating. The deal also includes NRG's acquisition of CPower, a major grid provider of distributed energy resources.
CDT Roundup: Energy Sector Leads the Charge
The week ending May 10 was, to say the least, brisk. Depending on how you count, there were 21 transactions valued at $21.5 billion or 24 valued at just over $30 billion. Either way, that's pretty fair traffic compared to last week's 11 deals for $4.2 billion. But it seems in keeping with last year's 22 deals for $14 billion at about this time. Maybe deals just wanted to close themselves for Mothers' Day.
Sunoco to Purchase Parkland Corp. for $9.1B
In the cash-and-stock deal, Dallas-based Sunoco has agreed to to maintain a headquarters in Canada, along with Canadian employment, with Stikeman Elliott, Vinson & Elkins and Weil advising Sunoco on the transaction. But the deal is likely to be challenged in court by Parkland's largest stockholder.
CDT Roundup: Deal Volume Drops, But Big Moves Capture Spotlight
We saw a major DFW brand, Sabre, make a $1.1 billion divestiture, a shipping logistics acquisition, a good-sized banking deal, funding for a social care navigation platform, the acquisition of a Mexico-based supply chain platform and a $400 million PE commitment to a new E&P.
Janice Davis Makes Move to Haynes Boone from Morgan Lewis
The Baylor Law School grad moves to Haynes Boone after six years at Morgan Lewis — with the last five as managing partner of the firm's Dallas office.
TPG to Acquire Sabre Subsidiary for $1.1B
Southlake-based Sabre, plans to use the proceeds from the all-cash transaction to reduce debt and focus on its core business objectives. Haynes Boone and Davis Polk advised on the deal.
Outtakes from the NDTX Bench Bar Conference
As we reported on the day of the event, the 2025 Bench Bar Conference for the Northern District of Texas held April 11, began with a bit of a bang. U.S. District Judge David Godbey caused an early stir by describing the level of personal threats against himself and against other judges and their families as a threat to judicial independence. Here are a few other notable outtakes from conference.
V&E’s Michael Marek moves to Kirkland
Marek had been a frequent presence on corporate teams at Vinson & Elkins, including some of the firm's largest deals in 2025. Marek had been with V&E since his graduation from University of Texas School of Law in 2014.