CDT Roundup: First Quarter Deadline for Filing Deals is Two Weeks Away

In this edition of CDT Roundup for the week ending March 22, the Corporate Deal Tracker saw 19 deals with an aggregate value of $6.5 billion. That eclipses the prior week in volume (13 deals) but falls far short in value ($13.7 billion). Still, the week parses well against the same week last year which saw 18 deals for $5.4 billion.

The CDT Roundup is a weekly feature highlighting the work Texas dealmakers are doing inside and outside the state. Have a deal we should include next week? Please let us know at CDTRoundup@texaslawbook.net to share your news release or a short blurb containing the date of the deal, a brief description, the lead lawyers and their offices, as well as any participating Texas lawyers that advised on the deal.

If your deal publishes in the weekly CDT Roundup, its information is automatically entered in The Texas Lawbook CDT database. But it has to be timely. If a deal is more than a few weeks old, you can use our deal submission portal. For more information about deal submissions, click here. 

Reminder: The Lawbook has new 2025 quarterly deadlines for deal submissions to qualify for its annual firm and lawyer deal rankings.

Firms and lawyers who wish to be considered for the first quarter and year-end Lawbook leaderboards for M&A and CapM must submit all of their first-quarter deals by April 7 at 5 p.m.

The new quarterly deadlines are:

FIRST QUARTER: April 7 (5 p.m.)
This is the submission deadline for deals between Jan. 1 and March 31. Deals must be received by this deadline to be included in the first quarter rankings and Lawbook leaderboards and be eligible for the annual rankings. Publication of the quarterly law firm rankings and leaderboards will begin April 28.

SECOND QUARTER: July 7 (5 p.m.)
Submission deadline for deals between April 1 and June 30. Publication of second quarter and first half 2025 law firm rankings and Lawbook leaderboards will begin July 28.

THIRD QUARTER: Oct. 6 (5 p.m.)
Submission deadline for deals between July 1 and Sept. 30. Publication of third quarter law firm rankings and Lawbook leaderboards will begin Oct. 27.

FOURTH QUARTER: Jan. 5, 2026 (5 p.m.)
Submission deadline for deals between Oct. 1 and Dec. 31. Publication of fourth quarter and the annual 2025 law firm rankings and Lawbook leaderboards will begin Jan. 26.

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 Count	Amount	Firms	Lawyers	M&A Count	M&A Value $M	CapM Count	CapM Value $M
24-May-2025	15	$24,033	11	121	13	$23,624	2	$409
17-May-2025	16	$21,760	12	145	11	$18,615	5	$3,145
10-May-2025	24	$33,175	16	206	19	$30,765	5	$2,410
03-May-2025	11	$4,249	13	90	11	$2,226.5	2	$2,022.5
26-Apr-2025	12	$8,787	9	168	9	$6,011	3	$2,776
19-Apr-2025	11	$8,097	7	138	9	$7,985	2	$112
12-Apr-2025	13	$2,392	8	152	10	$2,065	3	$327
05-Apr-2025	19	$27,762	15	188	16	$25,473	3	$2,289
29-Mar-2025	21	$8,188	10	258	16	$4,125	5	$4,064
22-Mar-2025	19	$6,485	14	231	15	$4,128	4	$2,857
15-Mar-2025	13	$13,737	13	151	10	$9,932	4	$3,805
8-Mar-2025	7	$2,234	5	66	5	$224	2	$2,100
1-Mar-2025	11	$3,050	8	75	10	$2,550	1	$500
24-Feb-25	12	$16,397	7	149	6	$6,635	6	$9,862
17-Feb-25	17	$12,136	13	134	10	$9,411	2	$2,725
10-Feb-25	14	$7,154	9	179	9	$4,950	5	$2,204
3-Feb-25	16	$10,068	7	200	11	$7,553	5	$2,515
25-Jan-25	14	$10,261	10	125	9	$2,207	5	$8,054
18-Jan-25	19	$7,382	15	316	12	$2,300	7	$5,082
11-Jan-25	21	$33,560	16	187	16	$32,521	5	$1,039
4-Jan-25	9	$6,827	9	80	9	$6,827	0	0
21-Dec-24	11	$2,798	11	92	8	$2,229	3	$570
14-Dec-24	15	$5,323	12	186	12	$3,812	3	$1,511
07-Dec-24	16	$4,766	10	231	11	$2,321	5	2,445
30-Nov-24	10	$10,291	9	103	4	$8,290	6	$2.001
23-Nov-24	15	$4,553	15	153	11	$3,379	4	$1,174
16-Nov-24	17	$11,488	11	245	13	$10,186	4	$1,303
09-Nov-24	14	$2,110	12	139	12	$1,410	2	$700
02-Nov-24	12	$52,788	11	107	11	$52,738	1	$50
26-Oct-24	8	$3,160	8	65	7	$3,065	1	$75
19-Oct-24	12	$5,304	11	136	11	$4,554	1	$750
12-Oct-24	17	$8,438	12	150	15	$8,116	2	$322
05-Oct-24	22	$23,181	12	189	15	$19,980	7	$3,201
28-Sep-24	11	$2,356	7	144	7	$53	4	$2,303
21-Sep-24	12	$9,568	10	169	5	$4,101	7	$5,467
14-Sep-24	24	$10,988	12	235	16	$7,175	8	$3,813
7-Sep-24	12	$20,420	16	168	11	$20,307	1	$112.9
31-Aug-24	13	$20,631	9	134	12	$14,775	1	$5,856
24-Aug-24	19	$8,452	21	325	16	$7,102	3	$1,350
17-Aug-24	25	$49,196	16	304	11	$39,386	14	$9,810
10-Aug-24	20	$12,264	15	312	16	$9,794	4	$2,470
03-Aug-24	26	$16,498	16	334	18	$8,137	8	$8,361
27-Jul-24	19	$16,442	21	271	15	$13,838	4	$2,604
20-Jul-24	15	$16,016	14	184	10	$14,232	5	$1,784
13-Jul-24	20	$17,220	14	265	18	$7,146	2	$10,074
6-Jul-24	11	$3,941	11	95	8	$2,650	3	$1,291
29-Jun-24	14	$6,296	15	224	8	$6,296	6	$1,927
22-Jun-24	12	$5,679	8	137	5	$210	7	$5,469
15-Jun-24	13	$9,895	16	214	10	$5,280	3	$4,615
8-Jun-24	19	$23,859	13	239	12	$19,436	7	$4,423
1-Jun-24	12	$34,510	11	147	9	$26,110	3	$8,400
25-May-24	13	$9,684	15	171	10	$4,434	3	$5,250
18-May-24	11	$5,490	11	173	8	$3,129	3	$2,361
11-May-24	22	$14,855	14	227	16	$11,105	6	$3,750
4-May-24	13	$3,139	9	87	10	$1,297	3	$1,842
27-Apr-24	10	$6,684	6	28	10	$6,684	0	0
20-Apr-24	19	$15,989	11	147	9	$5,208	10	$10,781
13-Apr-24	13	$8,952	9	76	10	$1,652	3	$7,300
6-Apr-24	23	$26,616	14	222	14	$13,501	8	$13,116
30-Mar-24	12	$9,286	8	136	8	$4,299	4	$4,987
23-Mar-24	18	$5,451	17	266	16	$4,759	2	$692
16-Mar-24	21	$11,437	13	186	14	$9,316	6	$2,070
9-Mar-24	23	$4,695	21	218	19	$2,723	4	$1,972
2-Mar-24	20	$9,108	19	372	14	$4,558	6	$4,550
24-Feb-24	19	$16,382	12	248	15	$9,507	4	$6,875
17-Feb-24	16	$29,932	15	157	12	$29,216	4	$716
10-Feb-24	25	$10,750	17	196	19	$5,372	6	$5,379
3-Feb-24	12	$8,416	18	125	9	$3,416	3	$5,000
27-Jan-24	9	$8,165	9	87	8	$7,815	1	$800
20-Jan-24	14	$4,084	12	109	12	$3,219	2	$865
13-Jan-24	17	$33,588	12	256	12	$26,765	5	$6,823
6-Jan-24	8	$7,915	8	84	6	$7,265	2	$650
30-Dec-23	17	$14,599	12	99	15	$2,714	2	$11,885
23-Dec-23	23	$4,182	13	219	16	$1,813	7	$2,370
16-Dec-23	13	$16,436	13	280	7	$15,150	5	$1,286
9-Dec-23	26	$14,633.90	17	244	16	$8,095	10	$6,538.90
2-Dec-23	13	$6,720	9	57	12	$6,630	1	$90
25-Nov-23	9	$4,835	9	131	6	$1,785	3	$3,050
18-Nov-23	22	$6,568.70	17	184	14	$4,709.20	8	$1,859.50
11-Nov-23	15	$9,825	13	179	12	$6,581	3	$3,244
4-Nov-23	15	$20,582.50	14	193	12	$19,417.50	3	$1,165
28-Oct-23	18	$68,419.10	18	152	15	$66,646	3	$1,773.10
21-Oct-23	16	$6,755.90	16	165	15	$6,755.90	1	$3
14-Oct-23	14	$67,851.20	13	125	9	$61,998.50	5	$5,852.70
7-Oct-23	17	$6,595.50	13	228	16	$5,995.50	1	$600
30-Sep-23	17	$1,896.45	13	189	14	$806.45	3	$1,090
23-Sep-23	23	$6,432.70	17	230	16	$1,402.80	7	$5,029.90
16-Sep-23	25	$23,226.70	23	353	16	$17,239	9	$5,987.70
9-Sep-23	12	$6,369	8	102	7	$4,311	5	$2,058
2-Sep-23	14	$2,522	6	92	13	$1,322	1	$1,200
26-Aug-23	17	$12,160.25	13	202	15	$6,573.25	2	$5,587.00
19-Aug-23	19	$11,505	13	213	15	$11,255	4	$250
12-Aug-23	19	$9,698.80	13	184	7	$3,270	12	$6,428.80
5-Aug-23	13	$5,201	12	118	12	$5,051	1	$150
29-Jul-23	15	$21,031.60	13	196	11	$18,292.00	4	$2,739.60
22-Jul-23	18	$3,992	12	130	13	$2,808	5	$1,184
15-Jul-23	13	$8,254.95	13	81	13	$8,254.95	0	0
8-Jul-23	16	$5,441.45	12	172	11	$2,443	5	$2,998.45
1-Jul-23	16	$6,872	10	105	12	$5,474	4	$1,398
24-Jun-23	13	$10,914	16	201	10	$7,874	3	$3,040
17-Jun-23	17	$5,880.70	15	151	15	$4,705.70	2	$1,175
10-Jun-23	19	$8,516.10	13	111	16	$6,252.40	3	$2,263.70
June 3 2023	12	$6,104.42	12	138	8	$4,256.92	4	$1,847.50
27-May-23	17	$12,200	10	67	11	$6,165	6	$6,035
20-May-23	11	$22,458.10	8	103	4	$19,455	7	$3,003
13-May-23	12	$7,034	10	101	8	$5,460	4	$1,574
6-May-23	20	$3,297.60	18	196	17	$2,985.60	3	$312
29-Apr-23	23	$3,691.20	18	135	17	$1,969.70	6	$1,721.50
22-Apr-23	16	$5,570	14	104	14	$4,750	2	$1,000
15-Apr-23	12	$23,818.10	9	59	10	$21,618.10	2	$2,200
8-Apr-23	16	$7,949	9	173	9	$5,472	7	$3,477
1-Apr-23	21	$18,676.70	12	175	11	$10,926.70	10	$7,750
25-Mar-23	15	$8,779.50	10	141	5	$2,362	10	$6,416.50
18-Mar-23	7	$14,048.80	6	69	5	$13,345	2	$703.80
11-Mar-23	21	$11,576	16	165	16	$8,131	5	$3,445
4-Mar-23	20	$9,668	11	228	16	$8,209	4	$1,459
25-Feb-23	13	$5,335	13	130	12	$4,235	1	$1,200
18-Feb-23	14	$5,743.70	13	158	8	$898.70	6	$4,845
11-Feb-23	16	$12,088	12	137	12	$9,965	4	$2,123
4-Feb-23	17	$8,066	15	140	13	$5,614	4	$2,452
28-Jan-23	7	$2,180	7	75	5	$1,692.75	2	$488
21-Jan-23	17	$5,768	16	174	12	$1,918	5	$3,850
14-Jan-23	11	$2, 800	10	102	8	$421	3	$2,400
7-Jan-23	18	$8,296	11	167	14	$6,461	3	$1,835
31-Dec-22	14	$2,732	11	99	12	$2,092	2	$640
17-Dec	14	$7,919	13	115	12	$7,419	1	$500
10-Dec-22	14	$10,093	12	88	11	$7,093	3	$3,000
3-Dec-22	26	$12,800.90	11	172	20	$4,141	6	$8,659.90
26-Nov-22	8	$2,266.70	8	5	3	$76	5	$2,190.70
19-Nov-22	21	$2,886	15	212	19	$2,550	2	$336
12-Nov-22	13	$15,093.70	9	81	9	$14,200	4	$893.70
5-Nov-22	25	19,337.20	16	509	22	$8,267.20	3	$11,070
29-Oct-22	15	$7,805.30	9	116	14	$7,180.30	1	$625
22-Oct-22	20	$8,193.50	13	253	13	$5,442	7	$2,751.50
15-Oct-22	9	$3,046.10	9	139	7	$2,588.30	2	$457.80
8-Oct-22	19	$2,011.80	12	114	16	$833.80	3	$1,178
1-Oct-22	23	$5,532.90	16	156	18	$4,952.30	5	$580.60
24-Sep-22	18	$5,194	14	216	15	$4,050	3	$1,144
17-Sep-22	21	$8,352.30	12	320	15	$4,759.60	6	$3,592.70
10-Sep-22	15	$19,853.50	10	126	13	$19,403.60	2	$450
3-Sep-22	9	$2,312	9	62	9	$2,312	0	0
27-Aug-22	16	$30,891.70	10	135	15	$30,666.40	1	227.7
20-Aug-22	12	$1,977	8	152	9	925	3	$1,052
13-Aug-22	18	$8,004.70	11	242	11	$2,844.70	7	$5,160
6-Aug-22	24	$7,948.90	12	240	17	$3,577	7	$4,371.90
30-Jul-22	8	$6,941	9	78	7	$6,839	1	$102
23-Jul-22	11	$801	11	92	10	$801	1	0
16-Jul-22	14	$3,650	10	122	14	$3,650	0	0
9-Jul-22	10	$3,557.70	7	68	9	$3,557.70	1	0
2-Jul-22	18	$8,609.40	13	152	15	$2,754.40	3	$5,855
25-Jun-22	15	$6,142	13	146	9	$2,017	6	$4,125
18-Jun-22	17	$11,890.10	14	228	15	$11,410	2	479.7
11-Jun-22	17	$7,600	12	123	10	$2,300	7	$5,300
4-Jun-22	12	$2,937	10	127	9	$692	3	$2,245
28-May-22	9	$3,197.60	11	86	9	$3,197.60	0	0
21-May-22	14	$7,284.50	12	185	11	$6,609	3	$675.50
14-May-22	11	$306.60	9	80	10	$306.60	1	$225
7-May-22	16	$10,451.75	12	108	12	$1,827	4	$8,624.75
30-Apr-22	16	$2,296.50	16	157	12	$895.50	4	$1,401
23-Apr-22	10	$2,241	11	58	8	$1,641	2	$600
16-Apr-22	11	$6,643	7	156	8	$2,359	3	$4,284
9-Apr-22	17	$4,429	14	184	11	$1,690	6	$2,739
2-Apr-22	13	$1,755	8	84	10	$1,145	3	$610
26-Mar-22	11	$3,205	8	65	6	$200	5	$3,005
19-Mar-22	13	$2,239.17	9	106	13	$2,239.17	0	0
12-Mar-22	18	$12,016	11	239	15	$11,965	2	$51.35
5-Mar-22	17	$6,786	13	137	13	$5,161	4	$1,625
26-Feb-22	12	$5,095	8	149	9	$4,437.50	3	$658
19-Feb-22	17	$22,229	17	174	14	$21,354	3	$875
12-Feb-22	12	$2,344.70	10	73	8	$641.70	4	$1,703
5-Feb-22	11	$2,503	8	99	11	$2,503	0	0
29-Jan-22	11	$3,872	12	101	12	$3,872	0	0
22-Jan-22	13	$5,143.50	10	99	12	$4,842.50	1	$301
15-Jan-22	12	$7,605	9	155	9	$6,480	3	$1,025
8-Jan-22	13	$8,256.20	11	102	13	$8,256.20	0	0
1-Jan-22	9	$1,273.80	6	50	9	$1,273.80	0	0
25-Dec-21	21	$4,734.75	11	176	16	$3,410	5	$1,324.75
18-Dec-21	26	$7,325.20	15	193	18	$3,640.20	8	$3,685.20
11-Dec-21	16	$5,017	10	109	13	$1,417	3	$3,600
4-Dec-21	14	$2,310	8	86	8	$2,310	6	$1,882.05
27-Nov-21	9	$3.460.1	10	101	6	$1,758	3	$1,702.60
20-Nov-21	20	$22,792	15	157	12	$18,864.50	8	$3,928
13-Nov-21	21	$26,729	12	178	13	$11,822	8	$14,907
6-Nov-21	12	$8,303	13	157	10	$6,682	3	$1,621
30-Oct-21	21	$10,368	15	218	15	$9,24.4	6	$1,103.00
23-Oct-21	21	$18.783.1	15	222	11	$12,314	10	$6,468.60
16-Oct-21	15	$3,868	11	118	15	$2,293	2	$1,575
9-Oct-21	20	$8,610	16	175	16	$7,795	4	$815
2-Oct-21	14	$6,250	11	137	10	$5,200	4	$1,050
25-Sep-21	11	$11,460	9	93	7	$10,200	4	$1,250
18-Sep-21	11	$16,603	8	99	8	$15,084	3	$1,519
11-Sep-21	17	$10,653	11	103	13	$8,503	4	$2,150
4-Sep-21	13	$7,222	10	89	11	$6,715	2	$507
28-Aug-21	12	$763	9	63	11	$663	1	$100
21-Aug-21	12	$29,659	7	79	11	$29,579	1	$80
14-Aug-21	22	$17,845	11	199	12	$12,805	10	$5,04
7-Aug-21	17	$13,670	12	139	15	$11,766	2	$1,904
31-Jul-21	21	$8,160	11	134	10	$3,574	10	$4,586
July 24,2021	21	$6,367	11	139	15	$3,712	6	$2,655
17-Jul-21	14	$4,009	11	124	12	$2,015	2	$1,994
10-Jul-21	16	$3,997	13	143	11	$1,597	4	$2,4
3-Jul-21	24	$7,492	13	94	16	$3,769	8	$3,722
26-Jun-21	10	$4,995	7	85	8	$3,847	2	$1,148
19-Jun-21	28	$16,830	8	228	9	$1,861	19	$14,968
12-Jun-21	26	$27,238	15	209	19	$25,602	7	$1,636
5-Jun-21	15	$15,539	13	100	13	$14,709	2	$600
29-May-21	35	$20,279	11	145	28	$18,64	7	$1,639
22-May-21	24	$53,208	14	174	17	$51,047	7	$2,161
15-May-21	18	$10,620	13	220	11	$5,870	7	$4,809
8-May-21	17	$10,400	11	156	15	$8,386	2	$2,500
1-May-21	21	$7,200	16	115	12	$3,808	9	$3,392
24-Apr-21	8	$20,200	9	31	8	$20,200	0	0
17-Apr-21	14	$6,270	8	102	11	$40,180	3	$2,260
10-Apr-21	15	$8,940	13	129	14	$7,990	1	$950
3-Apr-21	18	$19,513	10	151	12	$16,923	6	$2,590
27-Mar-21	27	$13,942	15	244	14	$4,300	13	$9,633.50
20-Mar-21	11	$2,046	4	102	3	$270	8	$1,776
13-Mar-21	15	$3,270	9	109	6	$538	9	$2,732
6-Mar-21	24	$13,617	10	196	13	$10,395	11	$3,222
27-Feb-21	19	$8,105	12	139	15	$4,970	4	$3,135
20-Feb-21	9	$8,820	9	153	8	$8,520	1	$300
13-Feb-21	12	$4,852.60	7	81	7	2,766	5	$2,086.60
6-Feb-21	18	$9,752	13	153	14	$5,222	4	$4,530
30-Jan-21	18	$9,449	9	182	15	$8,753.80	3	$695.30
23-Jan-21	14	$8,150	8	118	6	$4,000	8	$4,150
16-Jan-21	17	$6,783	13	138	11	$2,400	6	$4,382.90
9-Jan-21	22	$6,829	14	135	18	$3,139.30	4	$3,690
2-Jan-21	7	$1,466	7	60	7	$1,466	0	0
26-Dec-20	18	$15,900	12	163	16	$5,300	1	$600
19-Dec-20	18	$9,769	14	110	14	$8,426	4	$1,343
12-Dec-20	10	$7,200	9	100	9	$3,325	1	$3,830
5-Dec-20	15	$4,261	9	122	9	$2,780	6	$1,481
28-Nov-20	19	$7,758	10	110	13	$4,003	6	$3,755
14-Nov-20	14	$864.10	14	157	12	$289.10	2	$575
7-Nov-20	13	$6,332	9	129	9	$2,483.50	4	$3,849
31-Oct-20	10	$3,995.80	8	103	6	$3,231.10	4	$754.70
24-Oct-20	6	$18,100	6	58	5	$17,709	1	$350
17-Oct-20	8	$351.90	5	55	8	$351.90	0	0
10-Oct-20	7	$5,229	3	50	4	$735	3	$4,494
3-Oct-20	14	$21,428	9	173	9	$17,535	5	$3,893
26-Sep-20	10	$12,770	8	93	5	$10,300	5	$2,470
19-Sep-20	14	$8,365	9	101	6	$1,020	8	$7,345
12-Sep-20	6	$4,406	8	59	3	$1,270	3	$3,136
5-Sep-20	11	$5,191	8	117	9	$4,061	2	$1,130
29-Aug-20	11	$2,531	9	94	5	$1,130	6	$1,401
22-Aug-20	18	$6,574	12	140	7	$1,930	11	$4,644
15-Aug-20	13	$4,991	10	97	7	$1,216	6	$3,775
8-Aug-20	12	$32,092	11	112	9	$30,457	3	$1,635
1-Aug-20	7	$5,287	8	76	5	$3,687	2	$1,600
25-Jul-20	9	$18,751	6	67	7	$18,403	2	$348
18-Jul-20	6	$1,982.50	5	50	4	$1,407.50	2	$575
11-Jul-20	11	$565.10	12	75	10	$65.10	1	$500
4-Jul-20	10	$8,889	8	98	9	$8,788	1	$100.30
27-Jun-20	8	$6,874	10	50	5	$4,972.50	3	$2,081.50
20-Jun-20	12	$4,444	9	115	7	$2,829	5	$1,615
13-Jun-20	6	$3,582	4	37	2	$350	4	$3,232
6-Jun-20	11	$3,213.70	8	65	7	$470	4	$2,743.70
30-May-20	8	$7,335	7	48	6	$4,639	2	$2,697
23-May-20	4	$432.40	4	34	3	$432.40	1	0
16-May-20	6	$310	6	34	5	$310	1	0
9-May-20	18	$5,630	16	124	14	$3,180	4	$2,450
2-May-20	15	10,400	10	90	8	$1,900	7	$,8,500
25-Apr-20	8	$3,400	9	36	5	$1,000	3	$2,450
18-Apr-20	19	$9,500	14	92	8	$185.70	11	$9,360
11-Apr-20	12	$6,000	9	40	5	$190	7	$5,800
4-Apr-20	14	$8,200	11	68	10	$2,200	4	$6,000
28-Mar-20	16	$6,500	13	96	10	$3,700	6	$2,800
21-Mar-20	11	$11,910	7	33	7	$2,250	4	$9,960
14-Mar-20	7	809.8	6	34	6	684.8	1	125
7-Mar-20	16	$2,500	15	70	13	$669	3	$1,400
29-Feb-20	13	$15,260	13	128	11	$11,760	2	$3,500
22-Feb-20	12	$3,700	10	92	10	$2,560	2	$1,130
15-Feb-20	16	$1,250	10	84	12	$35	4	$1,222
8-Feb-20	18	$6,080	14	123	14	$2,595	4	$3,485
1-Feb-20	21	$20,900	12	101	14	$17,860	7	$3,060
25-Jan-20	13	$7,430	13	62	12	$6,430	1	$1,000
18-Jan-20	23	$9,580	15	120	19	$6,580	4	$3,000
11-Jan-20	21	$14,200	18	199	16	$1,020	5	$13,200
4-Jan-20	22	$6,400	11	119	16	$3,204	6	$3,245
28-Dec-19	22	$7,150	19	175	18	$6,800	4	$327.40
14-Dec-19	24	$36,300	23	167	19	$9,500	5	$26,800
7-Dec-19	11	$10,400	11	55	7	$1,082	4	$9,370
November 30. 2019	14	$2,450	12	126	12	$1,760	2	$692.50
23-Nov-19	16	$1,995	10	41	11	$615	5	$1,380
16-Nov-19	15	$3,820	13	135	11	$2,500	4	$1,271
9-Nov-19	25	$12,900	17	182	23	$12,200	2	$575
2-Nov-19	10	$2,470	12	61	9	2,450	3	$22
26-Oct-19	12	$5,560	14	70	11	$3,860	1	$1,700
19-Oct-19	8	$6,600	8	138	8	$6,600	0	0
12-Oct-19	19	$4,300	14	55	16	$3,800	3	$500
5-Oct-19	18	$14,500	19	166	15	$11,100	3	$3,400
28-Sep-19	19	$8,100	18	132	18	$7,560	1	$550
21-Sep-19	14	$6,300	16	66	11	$2,160	3	$4,170
14-Sep-19	15	$23,800	12	56	11	$21,250	4	$2,570
7-Sep-19	17	$3,500	15	98	14	$1,900	3	$1,600
31-Aug-19	5	$8,700	6	50	5	$8,700	0	0
24-Aug-19	16	$10,000	14	82	15	$4,250	1	$5,750
16-Aug-19	10	$1,680	5	52	7	$650	3	$950
9-Aug-19	17	$17,700	15	68	14	$3,900	3	$13,800
2-Aug-19	13	$5,760	12	108	13	$5,760	NA	NA
27-Jul-19	11	$7,300	13	76	8	$6,570	3	$730
20-Jul-19	13	$11,800	13	125	11	$5,300	2	$6,500
13-Jul-19	10	$775	7	46	8	$542.50	2	$233
6-Jul-19	7	$2,500	9	85	7	$2,500	0	0
29-Jun-19	23	$8,290	15	154	17	$2,300	6	$5,970
22-Jun-19	17	$10,700	10	139	14	$7,700	3	$3,000
15-Jun-19	11	$13,500	14	160	11	$13,500	NA	NA
8-Jun-19	13	$2,870	17	55	11	$1,570	2	$1,300
1-Jun-19	10	$4,460	11	60	8	$4,140	2	$315
25-May-19	17	$4,360	14	79	14	$3,700	3	$612
18-May-19	22	$9,000	17	150	16	$3,400	6	$5,600
11-May-19	18	$19,800	17	177	15	$18,300	3	$1,500
4-May-19	10	$7,075	6	32	8	$6,900	2	$175
27-Apr-19	15	$3,200	14	117	14	$3,160	1	$40
20-Apr-19	13	$13,500	10	90	9	$12,200	4	$1,300
13-Apr-19	16	$38,900	14	91	14	$37,800	2	$1,100
6-Apr-19	12	$6,870	11	94	10	$6,730	2	$50
30-Mar-19	15	$6,470	12	84	10	$7,91.5	5	$5,677
23-Mar-19	18	$6,450	14	91	14	$5,042	4	$1,408
16-Mar-19	14	$10,180	12	115	11	$8,800	3	$1,300
9-Mar-19	9	$1,800	6	49	8	$1,300	1	$500
2-Mar-19	20	$3,033	16	107	14	$1,817	6	$1,262
23-Feb-19	12	$2,040	8	69	9	$614.60	3	$1,430
16-Feb-19	16	$9,970	18	77	16	$9,970	0	0
9-Feb-19	14	$6,400	10	110	14	$6,400	0	0
2-Feb-19	18	$6,740	15	99	16	$5,720	2	$950
26-Jan-19	13	$2,770	11	67	11	$918.95	2	$1,850
19-Jan-19	15	$3,819	16	76	12	$2,594	3	$1,225
12-Jan-19	18	$7,283	14	92	15	$1,683	3	$5,600
5-Jan-19	10	$529	12	50	10	$529	0	0
22-Dec-18	17	$2,570	13	87	14	$941	3	$1,629
15-Dec-18	10	$2,860	8	26	8	$264	2	$2,600
8-Dec-18	15	$1,819	16	65	12	$552	3	$1,267
1-Dec-18	12	$7,500	10	90	9	$1,200	3	$6,200
28-Nov-18	15	$4,500	11	107	14	$4,000	1	$500
19-Nov-18	18	$6,137	13	98	13	$2,142	5	$3,995
14-Nov-18	18	$9,200	13	152	15	$8,500	3	$694
6-Nov-18	16	$17,300	16	183	14	$16,361	2	$950
29-Oct-18	14	$14,400	18	127	17	$13,800	1	$600
24-Oct-18	13	$6,140	13	126	11	$5,122	2	$1,018
17-Oct-18	18	$18,390	15	125	14	$12,292	4	$6,098
10-Oct-18	29	$3,149	18	104	20	$1,647	9	$819
2-Oct-18	18	$9,300	11	67	14	$7,300	4	$2,000
25-Sep-18	13	$7,000	11	75	10	$6,000	3	$995
18-Sep-18	9	$3,570	7	44	9	$3,570	0	0
11-Sep-18	13	$5,900	10	132	13	$5,900	0	0
7-Sep-18	14	$5,000	15	86	11	$4,000	3	$1,000
29-Aug-18	15	$20,700	14	79	13	$4,700	2	$16,000
20-Aug-18	10	$12,400	11	53	8	$11,380	3	$1,057
14-Aug-18	12	$19,900	12	132	9	$18,889	3	$1,011
7-Aug-18	16	$68,600	11	106	13	$67,259	3	$1,340
31-Jul-18	15	$15,100	15	95	11	$13,060	4	$2,060
23-Jul-18	13	$2,130	15	60	10	$1,804	3	$1,100
17-Jul-18	14	$5,370	17	98	9	$4,310	5	$1,100
9-Jul-18	16	$11,200	15	74	10	$11,080	6	$862
3-Jul-18	13	$7,000	7	81	12	$6,330	1	$750
25-Jun-18	15	$8,800	13	97	9	$4,970	6	$3,930
18-Jun-18	13	$14,200	14	80	7	$221	6	$14,290
11-Jun-18	12	$6,300	8	96	8	$5,910	4	$803
6-Jun-18	13	$14,500	10	88	8	$14,154	5	$579
31-May-18	11	$4,890	10	63	8	$3,240	3	$1,790
22-May-18	15	$20,400	11	63	9	$19,808	6	$885
15-May-18	15	$4,700	15	106	10	$3,900	5	$643
9-May-18	11	$1,400	13	88	9	$1,300	2	$560
1-May-18	8	$14,250	7	88	7	$13,400	1	$450
24-Apr-18	12	$5,300	6	61	11	$4,470	1	$800
17-Apr-18	9	$1,800	10	44	7	$2,330	2	$1,434
11-Apr-18	11	$2,500	8	32	6	$1,690	5	$809
3-Apr-18	15	$13,400	11	121	9	$12,020	6	$1,090
28-Mar-18	10	$4,000	10	92	7	$3,870	3	$215
19-Mar-18	17	$5,800	13	51	10	$590	7	$5,165
12-Mar-18	15	$3,130	11	43	11	$2,360	4	$788
6-Mar-18	19	$5,400	13	116	10	$1,530	9	$4,860
27-Feb-18	20	$6,600	13	69	14	$5,530	6	$1,030
19-Feb-18	15	$5,500	14	111	10	$3,990	6	$1,980
12-Feb-18	23	$10,900	17	157	12	$7,110	11	$3,840
5-Feb-18	16	$8,600	13	100	7	$1,330	9	$7,800
30-Jan-18	11	$12,600	11	68	5	$7,300	6	$4,982
24-Jan-18	19	$9,400	15	129	5	$2,010	14	$7,337
18-Jan-18	10	$6,280	8	49	2	$2,100	8	$4,188
9-Jan-18	12	$16,500	12	92	9	$15,890	3	$475
3-Jan-18	10	$2,500	9	47	8	$2,350	2	$150
27-Dec-17	15	$9,000	15	113	9	$7,568	6	$1,784
18-Dec-17	15	$13,800	16	164	9	$13,010	7	$1,118
11-Dec-17	14	$9,700	10	126	12	$2,940	4	$8,500
4-Dec-17	6	$1,800	6	31	5	$1,510	1	$300
28-Nov-17	7	$3,850	8	76	4	$3,260	3	$285
16-Nov-17	10	$2,700	10	48	6	$1,840	4	$856
8-Nov-17	15	$2,380	17	91	10	$1,860	5	$516
1-Nov-17	12	$4,700	17	94	9	$3,400	4	$1,300
23-Oct-17	15	$10,500	10	67	10	$9,780	4	$1,530
18-Oct-17	6	$2,000		37	3	$225	3	$1,820
10-Oct-17	12	$6,570		100	9	$3,880	3	$3,360
2-Oct-17	8	$3,100	11	19	3	$1,630	5	$1,750
25-Sep-17	8	$4,880	8	79	5	$2,660	5	$2,070
18-Sep-17	9	$4,770			3	$300	6	$4,470
12-Sep-17	11	$4,430			8	$2,030	3	$2,400
1-Sep-17	4	$1,310			3	$317	1	$1,000
23-Aug-17	11	$13,640	9		8	$11,840	3	$1,800

M&A/Fundings

Mesa Minerals Partners Announces Equity Commitment From NGP

Deal Description: Mesa Minerals Partners, a Houston-based mineral and royalty acquisition-focused company, announced on March 20 that it received a new equity commitment from NGP Royalty Partners III, a Dallas-based PE firm. Neither firm announced the financial details of the equity commitment. However, NGP, who has backed and invested in Mesa companies and projects before, has made this latest investment to aid in forming Mesa Royalties IV Holdings and help Mesa maintain its focus on acquiring royalty assets in the Haynesville and Permian Basins.

NGP Royalty Partners III In-House Counsel: Jeff Zlotky (Dallas) and Christina Sanders (Dallas)

Mesa Mineral Partners Outside Legal Counsel: Weil, Gotshal & Manges

Lead Lawyer: Cody Carper (Houston)

Note: This isn’t the first time NGP and Mesa have collaborated, as NGP has previously backed several Mesa companies and projects. The two firms most recently collaborated in April 2024, when Mesa Royalties III Holdings used equity commitments from NGP to acquire oil and gas, mineral, and royalty assets in the Haynesville basin, a deal on which Weil and attorney Cody Carper also advised.

Precision Aerospace Acquires Clearwater Engineering

Deal Description: Precision Aerospace Holdings, a Dallas-based aerospace machining and defense components manufacturer, announced on March 19 that it had acquired Derby, Kansas-based company Clearwater Engineering to extend its reach in the Midwest market segment. The recently acquired Clearwater primarily provides precision machining, computer numerical control milling and supply chain management services to the aerospace sector. Neither firm involved in the deal announced the financial details of the acquisition. However, as a part of the agreement, Precision will lease a pair of Clearwater’s climate-controlled facilities in Derby’s West Industrial Park from Cynergy Enterprises. Furthermore, under the terms of the agreement, Clearwater will also utilize the same verification and tool management systems it has used for setup and tool management standardization, including CATIA, MASTERCAM, VERICUT and TDM.

Precision Aerospace Holdings Outside Legal Counsel: Baker Botts and Haynes Boone

Haynes Boone Lead Lawyer: Brent Beckert (Dallas)

Baker Botts Lead Lawyers: Bryan Henderson (Dallas)

Baker Botts Texas Lawyers: Clint Culpepper (Austin/Houston), Michael Donnellan (Houston) and Morgan Copher (Dallas)

Precision Aerospace Holdings Buy-Side Adviser in the Deal: Scott Shedd (Dallas), CEO of Shedd Capital 

Apollo Acquires Majority Stake in OEG Energy Group

Deal Description: Apollo Funds, a New York-based alternative asset manager, announced on March 19 that it had acquired a majority stake in OEG Energy Group, a United Kingdom-based offshore energy solutions business. Apollo is acquiring the stake in the company from power opportunity strategy funds that Los Angeles-based investment manager Oaktree Capital Management and other investors manage. None of the firms involved in the deal announced the explicit financial details of the transaction; however, according to the release, the details implied that OEG Energy Group has a valuation of over $1 billion. The transaction is expected to close in Q2 2025, and under the terms of the agreement, Oaktree and other investors will retain a minority interest stake in OEG. Through the acquisition, Apollo will look for growth opportunities for OEG in organic and inorganic channels.

Apollo Funds Outside Legal Counsel: Vinson & Elkins

Lead Lawyers: Dan Komarek (New York), Ben Higson (London), Abby Branigan (Dallas), Jeremy Griffin (New York), Steven Wilson (London), Sam Phillips (London) and Lucy Jenkins (London)

Oaktree Outside Legal Counsel: Gibson, Dunn & Crutcher and Latham & Watkins

OEG Energy Group Outside Legal Counsel: White & Case

Apollo Funds Financial Advisor: Banco Santander SA

Oaktree Financial Advisor: Goldman Sachs International

Proscia Announces an Additional $50M in Funding

Deal Description: Proscia, a Philadelphia-based pathology-focused software company, announced on March 19 that it has secured $50 million in additional funding, bringing its total capital raised amount to $130 million. New York-based software investor Insight Partners led the recent funding round. In addition, Triangle Peak Partners and AI Capital Partners, through its Alpha Intelligence Capital US fund, also contributed significantly to the round. Several other investors also participated in the raise, including the Avenue Venture Opportunities Fund, Emerald Development Managers, GPG Healthcare, Fusion Fund, Interwoven Ventures and Razor’s Edge. Proscia intends to use the funds to expand its customer base and further enhance its Concentric platform by adding to its artificial intelligence capabilities. 

Insight Partners Outside Legal Counsel: Willkie Farr & Gallagher

Lead Lawyers: Matthew Haddad (New York) and Joe Laurel (Houston)

Knox Lane Announces Partnership and Investment into HCEsquared

Deal Description: Knox Lane, a San Francisco-based investment firm, announced on March 19 that it entered a partnership and invested strategically into Healthcare Experts Squared, an education and services-focused platform for healthcare professionals. Neither firm involved in the deal announced the financial details of the transaction; however, Healthcare Experts Squared’s leadership team will remain in their roles and continue to invest alongside Knox Lane. Knox Lane will look to support HCEsquared’s growth into new geographies, services and medical specialties through the new investment and partnership.

Knox Lane Outside Legal Counsel: Kirkland & Ellis

Lead Lawyers: Hamed Meshki (Los Angeles), Dan Guerin (Chicago)

Texas Lawyers: David Nemecek (Dallas/New York) and Jon Link (Houston)

Elsewhere: Joe Porter (Los Angeles), Joseph Grib (Los Angeles), Charlie Hu (Chicago), Kristen Law (Los Angeles), Anne Kim (Los Angeles), David Gilbert (Salt Lake City), Katie Taylor (San Francisco), Alex Blaznik (Los Angeles), Rafael Grillo Avila (San Francisco), Jack Stratton (Los Angeles), Simran Brar (Los Angeles), Kevin Miller (New York), Maureen O’Brien (Chicago), Ethan Kirner (Chicago), Amber Harezlak (Salt Lake City/San Francisco), Ryan Williamson (Austin), Josh Faulkner (Chicago), Bri Seaberg(Chicago), Michael Saretsky (New York/San Francisco), Jacob Manheim (San Francisco), Paul Barker (San Francisco), Annah Akhoun-Murat (New York), Matthew Wheatley (Washington, D.C.) and Declan Duggan (Chicago)

Healthcare Experts Squared Outside Legal Counsel: Shulman Rogers

Knox Lane Financial Advisor: Houlihan Lokey

Healthcare Experts Squared Financial Advisor: BrightTower

CSW Industrials Acquires Aspen Manufacturing for $313.5M

Deal Description: CSW Industrials, a Dallas-based solution and product provider for various trade industries, announced on March 18 that it had acquired Aspen Manufacturing for $313.5 million. The newly acquired company is a Humble, Texas-based evaporator coil and air handler manufacturer primarily serving those working within the HVAC/R industry. CSWI plans to fund the transaction through cash on hand and debt from its existing $500 million credit facility. The acquisition is expected to close in Q1 2026 but will be accretive to CSWI’s EPS and EBITDA immediately. The deal also aids CSWI’s strategic initiative to expand its product portfolio to increase its market share in the HVAC/R market.

CSW Industrials In-House Counsel: Luke E. Alverson (Dallas)

CSW Industrials Outside Legal Counsel: A&O Shearman

Lead Lawyers: Robert Cardone (Dallas)

Texas Lawyers: Efren Lemus (Dallas), Emily Kelly (Dallas) and Danielle Garcia (Dallas)

Aspen Manufacturing Outside Legal Counsel: Latham & Watkins

Lead Lawyers: James Garrett (Houston) and Joshua Blankenship (Washington, D.C.)

Texas Lawyers: Melanie von Staa Toledo (Houston), David Lee (Houston), Victoria Lujan (Houston), Harrison Little(Houston), Bryant Lee (Houston), J. Dylan White (Houston), Joshua Marnitz (Houston/Los Angeles), Andrew Abokhair(Austin), Eugenio Cardenas (Houston), Krisa Benskin (Houston), Hayden Rutledge (Houston), Benjamin Gelfand(Houston) and Robert Brown II (Houston/Austin)

Elsewhere: Nolan Fargo (San Diego), Jason Cruise (Washington, D.C.), Peter Todaro (Washington, D.C.), Alex Kandalaft (Washington, D.C.), Zach Shufro (New York), Joseph Bargnesi (Washington, D.C.), Sarah Zahedi (San Francisco), Hannah Cary (San Diego/Los Angeles), Enrique Covarrubias (Los Angeles) and Shira Bressler (New York)

E3Tech Acquires Sylvan, Inc

Deal Description: E3Tech, an Andreessen Horowitz-backed and Miami-based private investment firm, announced its acquisition of Sylvan, Inc., on March 18. E3Tech is acquiring Sylvan, the Southfield, Michigan-based multi-trade capability construction company, from funds managed by Cleveland-based PE firm Blue Point Capital Partners. None of the firms involved in the agreement announced the financial details of the acquisition; however, it was announced that Blue Point made a rollover investment in the company as a part of the transaction. Despite the acquisition, Sylvan’s management team and Blue Point Capital will continue serving as company shareholders, and Sylvan’s current CEO, Rob Metz, will remain CEO. However, E3Tech founder and CEO Rudy Adolf will be appointed non-executive chairman of the holding company. Through the acquisition and partnership, Sylvan will look to grow and expand its multi-trade capabilities further.

E3 Tech Outside Legal Counsel: Vinson & Elkins

Lead Lawyers: Robert Seber (New York), Milam Newby (Austin), Sang Hun Lee (Dallas) and Tim Johnston (Austin)

Texas Lawyers: Hannah Thai (Austin), Katie Holmes (Austin), Maya Bobbitt (Austin/New York), David Peck (Dallas), Wendy Trahan Salinas (Dallas), Allyson Seger (Austin), Lauren Messonnier Meyers (Dallas), Lauren Nieman (Houston), Maddie Brown (Austin), Erin Haney Fant (Houston), Sean Becker (Houston), Andrew Thomas Cox(Houston), Heather Reynolds Johnson (Dallas), Henry Crowell (Houston), Matthew Dobbins (Houston), Audrey Doane(Houston), Courtney Hammond (Dallas), Mark Kramer (Dallas), Camryn McGinnis (Dallas), Alexa Chally(Austin), Sarah Mitchell (Dallas), Victoria Bahrami-Negad (Dallas), Leah Powers (Dallas), Farzin Khoshravan (Houston) and Sergio Tellez Noguez (Houston)

Elsewhere: Elisie Lee (New York), David Wicklund (New York), Rob Tusch (New York), Megan Hardy (New York), Joo Hyun Lee (New York), Michael Kurzer (New York), Jamie Tabb (Washington, D.C.), Elizabeth Krabill McIntyre(Washington, D.C.),  Leslie Edelstein (Washington, D.C.), Darren Tucker (Washington, D.C.), Ryan Will (Washington, D.C.), Adam Thomas (Washington, D.C.), Randall Johnston (Washington, D.C.) and Claire Connor(Washington, D.C.)

Trinity Hunt Partners Invests in TNT Dental

Deal Description: Trinity Hunt Partners, a Dallas-based PE firm, announced on March 18 that it had invested in TNT Dental, a Richardson, Texas-based digital marketing agency for Dental practices. Neither firm disclosed the financial details of the transaction. Through the recent investment, Trinity will help support initiatives to enhance TNT’s platform’s overall growth, including looking for opportunities for strategic acquisitions. Specifically, the companies are actively working with one another to pursue opportunities to invest in digital marketing agencies and similar entities that serve the dental, legal, medical and home services industries.

Trinity Hunt Partners Outside Legal Counsel: Kirkland & Ellis

Lead Lawyers: Thomas Laughlin (Dallas) and Bridget Ryan Hamway (Dallas)

Texas Lawyers: David Wheat (Dallas/Houston) and Rebecca Fine (Dallas)

Metro City Bank Merges and Acquires First IC Bank and Its Parent Company, First IC Corporation for $206M

Deal Description: MetroCity Bankshares, the holding company for Doraville, Georgia-based Metro City Bank, announced on March 17 that it entered a merger agreement to acquire another Doraville, Georgia-based bank, First IC Bank and its parent company, First IC Corporation. The deal will see MetroCity acquire the First IC duo in an all-cash and stock transaction worth $206 million. Under the terms of the agreement, First IC shareholders will receive 3,384,588 shares of MetroCity common stock, $111,965,213 in cash and any holders of First IC stock options will be cashed out. The merger is expected to be completed by Q4 2025. Through the merger, the combined company will look to scale its operations and prioritize investments in technology and other growth areas. The merger is also expected to increase MetroCity’s EPS by 26 percent in the first year and pay back its value in a little over two years.

First IC Corporation Outside Legal Counsel: Alston & Bird

Lead Lawyers: Mark Kanaly (Dallas/Atlanta) and David Park (Atlanta)

MetroCity Outside Legal Counsel: Hunton Andrews Kurth

First IC Corporation Financial Advisor: Stephens Inc. 

MetroCity Financial Advisor: Hillworth Bank Partners

Thoma Bravo Makes Strategic Investment into PCMI

Deal Description: Thoma Bravo, a Chicago-based software-focused investment firm, announced on March 17 that it had made a strategic growth investment into PCMI, a Park Ridge, Illinois-based cloud-focused administration software solutions provider primarily serving the automotive and consumer product industries. Neither firm involved in the transaction announced the financial details of the investment; however, PCMI’s existing shareholders will retain minority positions in the company. The existing shareholders who will keep this minority position include PCMI’s management team and employees, as well as Boston-based PE firm Equality Asset Management. Through the investment, Thoma Bravo will support PCMI’s plans to enhance its current platform further and help it expand its global operations.

Thoma Bravo Outside Legal Counsel: Kirkland & Ellis

Texas Lawyers: John Kaercher (Austin)

Elsewhere: Jeremy Mandell (Chicago), Sophie Daroff (Miami), Bradley Reed (Chicago), Adam Kool (New York), Michael Conroy (Chicago), Fred Lim (San Francisco), Caitlin Bouey (San Francisco) and Aubrey Pardue (San Francisco)

PCMI and EAM Outside Legal Counsel: Goodwin Procter 

Thoma Bravo Financial Advisor: TD Cowen 

PCMI and EAM Financial Advisor: William Blair

Note: Kirkland & Ellis also advised Thoma Bravo earlier this year on its majority investment in Opexus and Casepoint.

PepsiCo Acquires Austin’s poppi for $1.95B

Deal Description: PepsiCo, announced on March 17 that it had agreed to acquire poppi, an Austin, Texas-based prebiotic soda company, for $1.95 billion. However, the net purchase price includes $300 million of anticipated cash tax benefits, bringing the net purchase price to $1.65 billion. The agreement also includes an opportunity for more money to be paid out after the transaction closes, which will have performance-based milestones associated with it. The acquisition further supports PepsiCo’s strategic initiative to expand its food and beverage portfolio to better address white space and meet consumers’ needs. PepsiCo is based in Harrison, New York.

poppi In-House Counsel: Andrew Haring (Washington)

poppi Outside Legal Counsel: Cooley LLP 

poppi Financial Advisor: Goldman Sachs

PepsiCo Outside Legal Counsel: Cravath, Swaine & Moore

PepsiCo Outside Tax Counsel: Davis Polk & Wardwell

PepsiCo Financial Advisor: Centerview Partners (lead) and JP Morgan

Peregrine Energy Announces $53M Equity Commitment From Bildmore Clean Energy

Deal Description: Peregrine Energy Solutions, a Boulder, Colorado-based multi-technology clean energy platform, announced on March 13 that it had closed on a $53 million preferred equity commitment from Houston’s Bildmore Clean Energy, a tax-advantage-focused minority equity investment provider to U.S. solar and storage projects. The funding will be explicitly used for a 150MW battery energy storage project currently under construction and expected to be completed in Q4 2025. In the same announcement, Peregrine also shared that it secured a bridge financing facility to finance the remainder of the project, worth $115 million.

Bildmore Clean Energy Outside Legal Counsel: Kirkland & Ellis

Texas Lawyers: Allan Kirk (Houston), Jimmy Chalk (Houston), Brittany Scheier (Houston) and Marissa Kinsey(Houston),

Elsewhere: Sam Kamyans (Washington, D.C.), Bastian Shah (Washington, D.C.), Rob Eberhardt (New York) and Laela Shallal (Washington, D.C.)

Joint Coordinating Lead Arrangers for the Facility: First Citizens Bank (Collateral Agent) and Nomura Securities International (Administrative Agent)

NRG Energy Acquires Six Power Generation Facilities for $560M

Deal Description: NRG Energy, a Houston-based energy and home services-focused company, announced on March 12 that it had acquired six power generation facilities from The Woodland, Texas-based PE firm Rockland Capital for $560 million. NRG intends to fund the acquisition through its corporate debt, which will not impact its November 2024 announced capital allocation plans. The acquisition will be earnings-accretive and close in the second quarter of 2025. The newly acquired assets include one combined-cycle unit and five peaker units, adding 738 megawatts to NRG’s gas generation portfolio, aiding in its ability to fulfill the state’s growing electricity needs.

Rockland Capital In-House Counsel: John McMullan (Houston)

NRG Energy In-House Counsel: Brian Curci (Houston)

NRG Energy Outside Legal Counsel: White & Case

Lead Lawyers: Morgan Hollins (Houston) and Thomas Christopher (New York)

Texas Lawyers: Yves Bramwell (Houston), Luis Leos (Houston), Chad McCormick (Houston), Neil Clausen (Houston) and Thor Fielland (Houston)

Elsewhere: Dilara Erik (New York), Bridget Costello (New York), Emilia Calderon (New York), Tyree Harriott (Los Angeles), John Cahill (New York), Weldon Burrow (New York), Raffaele Montenero Turco (New York) and Catherine Gu (New York)

Summit Midstream Corporation Acquires Moonrise Midstream for $90M

Deal Description: Summit Midstream Corporation, a Houston-based company focused on owning and operating midstream energy infrastructure assets, announced on March 10 that it had acquired Moonrise Midstream from Denver’s Fundare Resources for $90 million. The total purchase price includes SMC paying $70 million in cash, financed through its credit facility, and Fundare acquiring $20 million of SMC equity. The newly acquired company, Moonrise, is a multi-commodity midstream energy company that primarily develops and operates midstream assets in the DJ Basin of Colorado. The Moonrise system brings 80 miles of natural gas gathering pipeline, 25 miles of crude oil gathering pipeline and 65 MMcf/d of additional processing capacity to the SMC system. The acquisition will ultimately expand SMC’s presence in the DJ Basin and enable it to serve its customers located in the area more effectively.

Summit Midstream Corporation In-House Counsel: James Johnston (Houston)

Summit Midstream Corporation Outside Legal Counsel: Troutman Pepper Locke

Lead Lawyers: Bill Swanstrom (Houston), Jennie Simmons (Houston) and Lauren Richter (Houston)

Texas Lawyers: Jeremy Petersen (Houston), Jon Daly (Houston), David Wilhelm (Houston), Benjamin Cowan(Houston), Elizabeth Corey (Houston), Alex Dillard (Houston), Lani Blake (Houston), Grace Elliott (Houston) and Andrew Nelson (Houston)

Elsewhere: Mack McGuffey (Atlanta)

Fundare Resources Company Outside Legal Counsel: Baker Botts

Fundare Resources Company Financial Advisor: Evercore 

Elk Ridge Royalties acquires Occidental mineral interests for $905M

Deal Description: Elk Range Royalties, a Dallas-based upstream assets manager, announced on Mar. 21 its $905 million acquisition of royalty assets across 250,000 acres of the DJ Basin in Wyoming and Colorado from Occidental. The assets are being developed by Chevron and Civitas.

Occidental Petroleum In-House Counsel: Sylvia Kerrigan (Houston)

Occidental Petroleum Outside Legal Counsel: White & Case

Lead Lawyers: Mingda Zhao (Houston) and Emery Choi (Houston)

Texas Lawyers: Anil Tanyildiz (Houston), Daniel Miller (Houston), Yusra Salama (Houston), Taylor Pullins (Houston), Sam McCombs (Houston), Chad McCormick (Houston), Neil Clausen (Houston) and Andrew Lambrecht (Houston)

Elk Range Royalties Outside Legal Counsel: Gibson, Dunn & Crutcher

Lead Lawyers: Rahul Vashi (Houston)

Texas Lawyers: Chris Atmar (Houston), Kene Obi (Houston) and Hayden Theis (Houston) 

Elsewhere: Matt Donnelly (Washington, D.C.) and Andrew Cline (Washington, D.C.)

Capital Markets/Credit

Sunoco Announces $1B Senior Notes Offering

Deal Description: Sunoco, a Dallas-based energy infrastructure and fuel distribution-focused LP, announced a 100 percent private offering of senior notes on March 20, worth $1 billion at 6.250 percent due in 2033. The newly announced offering is upsized from its initial offering worth $750 million and is expected to close on March 31. Sunco will use the net proceeds from the offering to redeem Dallas-based LP’s NuStar Logistics’ 5.75 percent senior notes due in 2025. In addition, it will use the remaining proceeds to repay a portion of the debt owed for its revolving credit facility.

Sunoco LP In-House Counsel: Arnnie Dodderer (Dallas)

Sunoco LP Outside Legal Counsel: Vinson & Elkins 

Lead Lawyers: Jackson O’Maley (Houston), David Harry Stone (Houston) and Benjamin Heriaud (New York)

Texas Lawyers: Walt Baker (Houston), Patience Li (Houston), Rachel Campbell (Houston), Tianyu Colin Ren(Houston), Wendy Trahan Salinas (Dallas), Ryan Carney (Houston), Jeff Slusher (Dallas), Keleigh Carver (Houston), Sara Johnson (Houston), Melissa Jester Spohn (Dallas/Denver) and Henry Crowell (Dallas)

Elsewhere: Caitlin Turner (New York)

Kinetik Holdings Announces New Sustainability-Linked Senior Notes Worth $250M

Deal Description: Kinetik Holdings Incorporated, a Midland-based services provider to oil and gas-focused companies, announced the pricing of a new grouping of sustainability-linked senior notes on March 14 worth $250 million at 6.625 percent, due in December 2028. These notes will be offered as additional notes to its December 2023-issued sustainability-linked senior notes worth $800 million at 6.625 percent, also due in December 2028. The new notes and the December 2023 offering will have nearly identical terms and be treated as a single series of securities once the new offering closes on March 19. Kinetik will fully and unconditionally guarantee the latest notes offerings and will use the proceeds from the offering to repay a portion of outstanding debt under its revolving credit facility.

Kinetik Holdings In-House Counsel: Lindsay Ellis (Houston)

Kinetik Holdings Outside Legal Counsel: Vinson & Elkins

Lead Lawyers: Scott Rubinsky (Houston), David Harry Stone (Houston) and Alexandra Lewis (Houston)

Texas Lawyers: Walt Baker (Houston), Waleed Vohra (Houston), Ashley Osborne (Houston), Hannah Avery (Houston), Wendy Salinas (Dallas), Lina Dimachkieh (Houston), Jeff Slusher (Dallas), Paige Melton (Houston), Suzanne Clevenger (Houston), Ryan Hoeffner (Houston), Matthew Dobbins (Houston), Darin Schultz (Houston), Zach Rider (Houston), Shane Tucker (Dallas), Cassandra Zarate (Houston) and Rebecca Baker (Houston)  

Elsewhere: Kelly Rondinelli (Washington, D.C.) and Jon Solorzano (Los Angeles/ New York) 

Chord Energy Announces Close of $750M Senior Note Offering

Deal Description: Chord Energy Corporation, a Houston-based acquirer and producer of NGLs and natural gas in the Williston Basin, announced the completion and closing of its latest senior note offering on March 13. The offering was worth $750 million at 6.75 percent due in 2033. Thus far, Chord has used the net proceeds to purchase its 6.375 senior unsecured notes due in 2026, worth $366.342 million, as part of a previously announced cash tender offer. The company intends to use the remaining proceeds from the offering to redeem its remaining 2026 notes that were not purchased as a part of the tender offer and plans to do so by June 2025 at a 100 percent redemption price. After that, it will use the remaining cash to repay outstanding debt under its senior secured revolving credit facility and pay fees associated with the tender offer, its 2026 notes redemptions and its credit facility.

Chord Energy Corporation In-House Counsel: Shannon Kinney (Houston)

Initial Purchasers Outside Legal Counsel: Simpson Thacher & Bartlett

Lead Lawyers: Brian Rosenzweig (Houston), David Azarkh (New York), Richie Ragusa (Houston) and Ryan Poché(Houston), 

Texas Lawyers: Suzannah Ranzo (Houston), Emily Ann Martin (Houston) and Hayden Stoeber (Houston) 

Elsewhere: Jonathan Cantor (New York), Paul Jansch (New York), Michael Isby (New York), Bobbie Burrows (New York), Christian Bond (New York), Pasco Struhs (New York) and Jennie Getsin (New York) 

Initial Purchasers of the Offering: Wells Fargo Securities

Note: Simpson Thacher & Bartlett also represented Wells Fargo in its role as the dealer manager in connection with the tender offer.

KLX Energy Services Closes on $232M Senior Notes and $125M Credit Facility

Deal Description: KLX Energy Services Holdings, a Houston-based oilfield services provider to onshore oil and natural gas-focused companies, announced on March 12 that it had closed on refinancing its existing 11.5 percent senior secured notes due in 2025 by issuing $232 million of March 2030 senior secured notes. As part of the transaction, KLX is also issuing warrants to allow investors to purchase over 2,373,187 shares for $0.01 per share. Through the refinancing, KLX obtained $78 million in cash and canceled $144 million of its old debt from the existing notes. KLX intends to use the proceeds from the refinancing and cash on hand to redeem the remainder of its existing notes. In addition to announcing the close of this refinancing offering, KLX also announced it closed on a new $125 million ABL credit facility due in March 2028.

KLX Energy Services Holdings In-House Counsel: Max L. Bouthillette (Houston)

KLX Energy Services Holdings Outside Legal Counsel: Vinson & Elkins

Lead Lawyers: Sarah Morgan (Denver/Houston), Katherine Terrell Frank (Dallas), Benjamin Heriaud (New York), Darin Schultz (Houston) and Christopher Dawe (Dallas)

Texas Lawyers: Chandler Jones (Houston), Chase Browndorf (Houston), Natalie Harrison (Dallas), Patience Li(Houston), James Caleb Payne (Houston), Tyler Wagner (Dallas) and Jose Becerra (Dallas)

Elsewhere: Matt Dubose (New York)