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Corporate Deal Tracker

CDT Roundup: Texas Lawyers Deliver Rare $20B+ Hat Trick

In this edition of CDT Roundup, the week ending May 24 saw 15 deals reported for a total of $24 billion. The week prior saw 16 deals for $21.7 billion. In fact, it's the third week in a row we tallied $20 billion or more for transactions handled by Texas lawyers. And that's the first time that's happened since we started keeping these stats for deals reported to the CDT Roundup. It's also the first time we've seen three consecutive weeks of $10 billion or more since the three weeks the third quarter of 2024.

Allen Pusey

How Waste Management and Charles Boettcher Sealed the Stericycle Deal

Waste Management’s $7.2 billion acquisition of Stericycle was highly complex, merging WM’s $20 billion solid waste business with Stericycle’s $2.6 billion medical waste operation. The deal faced hurdles including class action litigation, a Foreign Corrupt Practices Act investigation, and major integration challenges. Over several years, WM’s Chief Legal Officer, Charles Boettcher, played a key role in strategy, evaluation, and execution — culminating in one of 2024’s most significant transactions, with outside counsel Vinson & Elkins. As a result, Waste Management's acquisition of Stericycle is one of two finalists for the 2025 Houston Corporate Counsel Award for M&A Transaction of the Year. The award will be presented by the Association of Corporate Counsel’s Houston Chapter and The Texas Lawbook today at the Four Seasons in Houston.

Allen Pusey

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.

Allen Pusey

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.

Allen Pusey

M&A Newsmaker: Katherine Terrell Frank Never Became Perry Mason, But It Still Worked Out

Katherine Terrell Frank has fond memories of growing up watching Perry Mason with her grandfather. "I imagined the life of a lawyer as theatrical and dramatic, with cases neatly resolved within an hour," Frank said. But it was while she was with V&E that she discovered something different while working in their capital markets and M&A practice. "It turns out I really enjoy transactional work," Frank said.

Nick Peck

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