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In a $40 billion deal a Blackrock-led consortium of major AI players acquired Plano-based Aligned Data Centers in one of the largest data infrastructure to date. It was one of 14 deals valued at $46.6 billion dollars reported to the Roundup last week. Even so, it was only the seventh-largest Texas-related deal of 2025. That and more in this edition of CDT Roundup.
Commercial Metals Co. said Thursday that it agreed to acquire Foley Products Co. for $1.84 billion in cash. Based outside Atlanta, Foley provides precast concrete and pipe products primarily in the Southeast, operating 18 facilities in nine states. The company’s products are used in drainage, water management, dry utility, and road construction across residential, non-residential and infrastructure sectors.
The Artificial Intelligence Infrastructure Partnership — the consortium founded about a year ago by BlackRock, Abu Dhabi-based MGX, Microsoft and NVIDIA to expand capacity of AI infrastructure — announced on Oct. 15 the acquisition of Aligned Data Centers from funds managed by Australia’s Macquarie Asset Management.
The companies said the deal, which values Plano-based Aligned Data Centers at $40 billion, will fuel the expansion of next-generation cloud and AI infrastructure.
Sterlington, Latham & Watkins and Kirkland & Ellis advised on the deal.
The week that ended Oct. 11 saw 14 deals reported with a total value of $17.4 billion, nearly two-thirds of which was attributable to Fifth Third Bancorp acquiring Comerica in a stock swap valued at $10.9 billion. It was a bit of a drop-off from the 21 deals valued at $20.8 billion for the week prior and less in volume but better in value than the 22 deals valued at $8.4 billion this time last year.
That and more in this week's CDT Roundup.
The week that ended Oct. 4 saw 21 deals reported with a total value of $20.8 billion with a few billion-dollar transactions, including one that may be the final deal for the Oracle of Omaha. Elsewhere, Texas bank consolidations continue as Prosperity Bank acquires Texas Partners to expand further into San Antonio, Austin and The Hill Country.
That and more in this edition of CDT Roundup.
The week ending Sept. 27 had 16 deals reported with an overall value of nearly $22.8 billion led by $17 billion in in just two transactions by one of the largest utility builders in North America.
The week that ended Sept. 20 saw 24 deals with a reported value of $11.3 billion. There were a lot of deals this week related to energy, infrastructure or AI, or some combination of the three. The largest deals of the week included, perhaps unsurprisingly, a few of the largest players: with San Antonio’s electric utility buying four natural gas plants for $1.4 billion and Blackstone buying a huge natural gas plant in southwest Pennsylvania for $1 billion, give or take a few million or so. That and more in this edition of CDT Roundup.
CPS Energy agreed to acquire four natural gas powered electricity generation facilities in Texas for nearly $1.4 billion from PROENERGY. Dykema and Latham & Watkins are advising on the deal.
Paul Weiss Rifkind Wharton & Garrison served as lead counsel for Keurig Dr Pepper in its landmark $18.4 billion acquisition of Dutch coffee giant JDE Peet’s, alongside the in-house lawyers of KDP's team. Paul Weiss continues to be a central legal adviser in high-profile Texas transactions, even as it eyes its first office in the state. A&O Shearman advised JDE Peet's.
Clark Hill recently added Jason McCuiston as a member to its tax and estate planning group in the Collin County office.
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