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Seeking to expand its presence in the surge of data center development, Quanta Services, a Houston-based platform for industrial energy and power services, announced Thursday the completion of its acquisition of mechanical and plumbing specialists Dynamics Services for $1.35 billion. King & Spalding advised on the deal.
Baker Hughes said on Tuesday it has agreed to acquire Chart Industries for $210 a share in cash, or about $13.6 billion, as the Houston energy technology company furthers its expansion in liquified natural gas and data centers. Also Tuesday, Irving-based Flowserve Corp. said it terminated its offer to acquire Chart because the Baker Hughes offer is a “superior proposal.”
Peter Hays has had a career-long focus on onshore and offshore energy and a practice spanning both domestic and international markets.
The week ending July 26 saw 15 transactions for just over $3 billion, which doesn't sound like much. The volume is akin to the week before, in which 14 deals were reported for $6 billion. But both pale against the 19 transactions for $16.4 billion reported last year. The plain truth is that transactions in M&A dwindled in Q2 and have stayed dwindled in the first few weeks of Q3. But take heart; Q2 was the weakest quarter in Texas M&A deals last year and the year before. But there was plenty of diversity in the mix.
The bill’s enactment dramatically shifts the landscape for renewables and energy transition investments. The law is expected to have a significant impact on investment in Texas, which is among the top producers of wind and solar generated electricity in the country.
The week ending July 18 saw 14 deals for $6 billion dollars. The week prior saw 15 deals for $13 billion and there were 15 deals for $16 billion reported during the same week last year. But consider the actual deals and you begin to sense a difference: a $25 billion data center deal that probably will be but really isn't yet; a flurry of placements aimed at flipping the switch on crypto assets; an IPO for a Japanese AI-driven HR platform whose goal is to be a lawyer.
Willkie Farr & Gallagher continues to expand the Dallas office it opened a year ago, this time by hiring three veteran private equity dealmakers as partners, the firm announced Tuesday. The move by the trio of transactional lawyers — Jesse Betts, Jessica Hammons and Nathan Meredith — bolsters Willkie’s corporate & financial services vertical and its PE, M&A and capital markets capabilities.
FBFK Law has hired Roland Wiederaenders and Sarah Florer as shareholders in its Austin office. The veteran corporate and finance lawyers have combined expertise in private capital, fund formation and cross-border transactions that strengthen the firm's corporate and investment practice.
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