• Subscribe
  • Log In
  • Sign up for email updates
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

The Texas Lawbook

Free Speech, Due Process and Trial by Jury

  • Appellate
  • Bankruptcy
  • Commercial Litigation
  • Corp. Deal Tracker/M&A
  • GCs/Corp. Legal Depts.
  • Firm Management
  • White-Collar/Regulatory
  • Pro Bono/Public Service/D&I

CDT Roundup: Watt a Week as Deals Spark Up Power and Security

July 27, 2025 Allen Pusey

The week ending July 25 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. More on that later.

But there was plenty of diversity in the mix, with the main themes of the week being power and security. An alternative energy provider and an energy hedge fund manager coupled up to begin providing custom power sourcing to data centers; likewise, a data center provider and an energy midstream hooked up to begin developing vertically integrated data center development.

A maker of security robots and a couple of software security platforms got fresh growth funds and a regional grid operator got $150 million to help develop an energy exchange for power distribution in the West and Southwest.

Have a deal we should include next week?

The CDT Roundup is a regular feature from The Texas Lawbook highlighting the work Texas dealmakers are doing inside and outside the state.

Please let us know at CDTRoundup@texaslawbook.net by sharing a news release or a short blurb containing the date of the deal, a brief description, a link to any public announcement, the lead lawyers and their offices, as well as any Texas lawyers who advised on the deal.

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 CountAmountFirmsLawyersM&A CountM&A Value $MCapM Count
CapM Value $M
26-Jul-202515$3,164129612$3,00233$162
19-Jul-202514$6,08014979$4,1655$1,915
12-Jul-202515$13,0121420812$10,9023$2,110
05-Jul-20259$15,7788914$7,2805$8,498
28-Jun-202513$7,77781547$2,0316$5,746
21-Jun-202516$5,9841011311$3,0875$2,897
14-Jun-20259$4788133603$478
07-Jun-202516$26,2101119611$24,7445$1,466
31-May-202519$23,3811116612$18,6657$4,717
24-May-202515$24,0331112113$23,6242$409
17-May-202516$21,7601214511$18,6155$3,145
10-May-202524$33,1751620619$30,7655$2,410
03-May-202511$4,249139011$2,226.52$2,022.5
26-Apr-202512$8,78791689$6,0113$2,776
19-Apr-202511$8,09771389$7,9852$112
12-Apr-202513$2,392815210$2,0653$327
05-Apr-202519$27,7621518816$25,4733$2,289
29-Mar-202521$8,1881025816$4,1255$4,064
22-Mar-202519$6,4851423115$4,1284$2,857
15-Mar-202513$13,7371315110$9,9324$3,805
8-Mar-20257$2,2345665$2242$2,100
1-Mar-202511$3,05087510$2,5501$500
24-Feb-2512$16,39771496$6,6356$9,862
17-Feb-2517$12,1361313410$9,4112$2,725
10-Feb-2514$7,15491799$4,9505$2,204
3-Feb-2516 $10,068720011$7,5535$2,515
25-Jan-2514$10,261101259$2,2075$8,054
18-Jan-2519$7,3821531612$2,3007$5,082
11-Jan-2521$33,5601618716$32,5215$1,039
4-Jan-259$6,8279809$6,82700
21-Dec-2411$2,79811928$2,2293$570
14-Dec-2415$5,3231218612$3,8123$1,511
07-Dec-2416$4,7661023111$2,32152,445
30-Nov-2410$10,29191034$8,2906$2.001
23-Nov-2415$4,5531515311$3,3794$1,174
16-Nov-2417$11,4881124513$10,1864$1,303
09-Nov-2414$2,1101213912$1,4102$700
02-Nov-2412 $52,788 1110711$52,7381$50
26-Oct-248$3,1608657$3,0651$75
19-Oct-2412$5,3041113611$4,5541$750
12-Oct-2417$8,4381215015$8,1162$322
05-Oct-2422$23,1811218915$19,9807$3,201
28-Sep-2411$2,35671447$534$2,303
21-Sep-2412$9,568101695$4,1017$5,467
14-Sep-2424$10,9881223516$7,1758$3,813
7-Sep-2412$20,4201616811$20,3071$112.9
31-Aug-2413$20,631913412$14,7751$5,856
24-Aug-2419$8,4522132516$7,1023$1,350
17-Aug-2425$49,1961630411$39,38614$9,810
10-Aug-2420$12,2641531216$9,7944$2,470
03-Aug-2426$16,4981633418$8,1378$8,361
27-Jul-2419$16,4422127115$13,8384$2,604
20-Jul-2415$16,0161418410$14,2325$1,784
13-Jul-2420$17,220 1426518$7,146 2$10,074
6-Jul-2411$3,941 11958$2,650 3$1,291
29-Jun-2414$6,296 152248$6,296 6$1,927
22-Jun-2412$5,679 81375$210 7$5,469
15-Jun-2413$9,895 1621410$5,280 3$4,615
8-Jun-2419$23,859 1323912$19,436 7$4,423
1-Jun-2412$34,510 111479$26,110 3$8,400
25-May-2413$9,684 1517110$4,434 3$5,250
18-May-2411$5,490 111738$3,129 3$2,361
11-May-2422$14,855 1422716$11,105 6$3,750
4-May-2413$3,139 98710$1,297 3$1,842
27-Apr-2410$6,684 62810$6,684 00
20-Apr-2419$15,989 111479$5,208 10$10,781
13-Apr-2413$8,952 97610$1,652 3$7,300
6-Apr-2423$26,616 1422214$13,501 8$13,116
30-Mar-2412$9,286 81368$4,299 4$4,987
23-Mar-2418$5,451 1726616$4,759 2$692
16-Mar-2421$11,437 1318614$9,316 6$2,070
9-Mar-2423$4,695 2121819$2,723 4$1,972
2-Mar-2420$9,108 1937214$4,558 6$4,550
24-Feb-2419$16,382 1224815$9,507 4$6,875
17-Feb-2416$29,932 1515712$29,216 4$716
10-Feb-2425$10,750 1719619$5,372 6$5,379
3-Feb-2412$8,416 181259$3,416 3$5,000
27-Jan-249$8,165 9878$7,815 1$800
20-Jan-2414$4,084 1210912$3,219 2$865
13-Jan-2417$33,588 1225612$26,765 5$6,823
6-Jan-248$7,915 8846$7,265 2$650
30-Dec-2317$14,599 129915$2,714 2$11,885
23-Dec-2323$4,182 1321916$1,813 7$2,370
16-Dec-2313$16,436 132807$15,150 5$1,286
9-Dec-2326$14,633.90 1724416$8,095 10$6,538.90
2-Dec-2313$6,720 95712$6,630 1$90
25-Nov-239$4,835 91316$1,785 3$3,050
18-Nov-2322$6,568.70 1718414$4,709.20 8$1,859.50
11-Nov-2315$9,825 1317912$6,581 3$3,244
4-Nov-2315$20,582.50 1419312$19,417.50 3$1,165
28-Oct-2318$68,419.10 1815215$66,646 3$1,773.10
21-Oct-2316$6,755.90 1616515$6,755.90 1$3
14-Oct-2314$67,851.20 131259$61,998.50 5$5,852.70
7-Oct-2317$6,595.50 1322816$5,995.50 1$600
30-Sep-2317$1,896.45 1318914$806.45 3$1,090
23-Sep-2323$6,432.70 1723016$1,402.80 7$5,029.90
16-Sep-2325$23,226.70 2335316$17,239 9$5,987.70
9-Sep-2312$6,369 81027$4,311 5$2,058
2-Sep-2314$2,522 69213$1,322 1$1,200
26-Aug-2317$12,160.25 1320215$6,573.25 2$5,587.00
19-Aug-2319$11,505 1321315$11,255 4$250
12-Aug-2319$9,698.80 131847$3,270 12$6,428.80
5-Aug-2313$5,201 1211812$5,051 1$150
29-Jul-2315$21,031.60 1319611$18,292.00 4$2,739.60
22-Jul-2318$3,992 1213013$2,808 5$1,184
15-Jul-2313$8,254.95 138113$8,254.95 00
8-Jul-2316$5,441.45 1217211$2,443 5$2,998.45
1-Jul-2316$6,872 1010512$5,474 4$1,398
24-Jun-2313$10,914 1620110$7,874 3$3,040
17-Jun-2317$5,880.70 1515115$4,705.70 2$1,175
10-Jun-2319$8,516.10 1311116$6,252.40 3$2,263.70
June 3 202312$6,104.42 121388$4,256.92 4$1,847.50
27-May-2317$12,200 106711$6,165 6$6,035
20-May-2311$22,458.10 81034$19,455 7$3,003
13-May-2312$7,034 101018$5,460 4$1,574
6-May-2320$3,297.60 1819617$2,985.60 3$312
29-Apr-2323$3,691.20 1813517$1,969.70 6$1,721.50
22-Apr-2316$5,570 1410414$4,750 2$1,000
15-Apr-2312$23,818.10 95910$21,618.10 2$2,200
8-Apr-2316$7,949 91739$5,472 7$3,477
1-Apr-2321$18,676.70 1217511$10,926.70 10$7,750
25-Mar-2315$8,779.50 101415$2,362 10$6,416.50
18-Mar-237$14,048.80 6695$13,345 2$703.80
11-Mar-2321$11,576 1616516$8,131 5$3,445
4-Mar-2320$9,668 1122816$8,209 4$1,459
25-Feb-2313$5,335 1313012$4,235 1$1,200
18-Feb-2314$5,743.70 131588$898.70 6$4,845
11-Feb-2316$12,088 1213712$9,965 4$2,123
4-Feb-2317$8,066 1514013$5,614 4$2,452
28-Jan-237$2,180 7755$1,692.75 2$488
21-Jan-2317$5,768 1617412$1,918 5$3,850
14-Jan-2311$2, 800101028$421 3$2,400
7-Jan-2318$8,296 1116714$6,461 3$1,835
31-Dec-2214$2,732 119912$2,092 2$640
17-Dec14$7,919 1311512$7,419 1$500
10-Dec-2214$10,093 128811$7,093 3$3,000
3-Dec-2226$12,800.90 1117220$4,141 6$8,659.90
26-Nov-228$2,266.70 853$76 5$2,190.70
19-Nov-2221$2,886 1521219$2,550 2$336
12-Nov-2213$15,093.70 9819$14,200 4$893.70
5-Nov-222519,337.201650922$8,267.20 3$11,070
29-Oct-2215$7,805.30 911614$7,180.30 1$625
22-Oct-2220$8,193.50 1325313$5,442 7$2,751.50
15-Oct-229$3,046.10 91397$2,588.30 2$457.80
8-Oct-2219$2,011.80 1211416$833.80 3$1,178
1-Oct-2223$5,532.90 1615618$4,952.30 5$580.60
24-Sep-2218$5,194 1421615$4,050 3$1,144
17-Sep-2221$8,352.30 1232015$4,759.60 6$3,592.70
10-Sep-2215$19,853.50 1012613$19,403.60 2$450
3-Sep-229$2,312 9629$2,312 00
27-Aug-2216$30,891.70 1013515$30,666.40 1227.7
20-Aug-2212$1,977 815299253$1,052
13-Aug-2218$8,004.70 1124211$2,844.70 7$5,160
6-Aug-2224$7,948.90 1224017$3,577 7$4,371.90
30-Jul-228$6,941 9787$6,839 1$102
23-Jul-2211$801 119210$801 10
16-Jul-2214$3,650 1012214$3,650 00
9-Jul-2210$3,557.70 7689$3,557.70 10
2-Jul-2218$8,609.40 1315215$2,754.40 3$5,855
25-Jun-2215$6,142 131469$2,017 6$4,125
18-Jun-2217$11,890.10 1422815$11,410 2479.7
11-Jun-2217$7,600 1212310$2,300 7$5,300
4-Jun-2212$2,937 101279$692 3$2,245
28-May-229$3,197.60 11869$3,197.60 00
21-May-2214$7,284.50 1218511$6,609 3$675.50
14-May-2211$306.60 98010$306.60 1$225
7-May-2216$10,451.75 1210812$1,827 4$8,624.75
30-Apr-2216$2,296.50 1615712$895.50 4$1,401
23-Apr-2210$2,241 11588$1,641 2$600
16-Apr-2211$6,643 71568$2,359 3$4,284
9-Apr-2217$4,429 1418411$1,690 6$2,739
2-Apr-2213$1,755 88410$1,145 3$610
26-Mar-2211$3,205 8656$200 5$3,005
19-Mar-2213$2,239.17 910613$2,239.17 00
12-Mar-2218$12,016 1123915$11,965 2$51.35
5-Mar-2217$6,786 1313713$5,161 4$1,625
26-Feb-2212$5,095 81499$4,437.50 3$658
19-Feb-2217$22,229 1717414$21,354 3$875
12-Feb-2212$2,344.70 10738$641.70 4$1,703
5-Feb-2211$2,503 89911$2,503 00
29-Jan-2211$3,872 1210112$3,872 00
22-Jan-2213$5,143.50 109912$4,842.50 1$301
15-Jan-2212$7,605 91559$6,480 3$1,025
8-Jan-2213$8,256.20 1110213$8,256.20 00
1-Jan-229$1,273.80 6509$1,273.80 00
25-Dec-2121$4,734.75 1117616$3,410 5$1,324.75
18-Dec-2126$7,325.20 1519318$3,640.20 8$3,685.20
11-Dec-2116$5,017 1010913$1,417 3$3,600
4-Dec-2114$2,310 8868$2,310 6$1,882.05
27-Nov-219$3.460.1101016$1,758 3$1,702.60
20-Nov-2120$22,792 1515712$18,864.50 8$3,928
13-Nov-2121$26,729 1217813$11,822 8$14,907
6-Nov-2112$8,303 1315710$6,682 3$1,621
30-Oct-2121$10,368 1521815$9,24.46$1,103.00
23-Oct-2121$18.783.11522211$12,314 10$6,468.60
16-Oct-2115$3,868 1111815$2,293 2$1,575
9-Oct-2120$8,610 1617516$7,795 4$815
2-Oct-2114$6,250 1113710$5,200 4$1,050
25-Sep-2111$11,460 9937$10,200 4$1,250
18-Sep-2111$16,603 8998$15,084 3$1,519
11-Sep-2117$10,653 1110313$8,503 4$2,150
4-Sep-2113$7,222 108911$6,715 2$507
28-Aug-2112$763 96311$663 1$100
21-Aug-2112$29,659 77911$29,579 1$80
14-Aug-2122$17,845 1119912$12,805 10$5,04
7-Aug-2117$13,670 1213915$11,766 2$1,904
31-Jul-2121$8,160 1113410$3,574 10$4,586
July 24,202121$6,367 1113915$3,712 6$2,655
17-Jul-2114$4,009 1112412$2,015 2$1,994
10-Jul-2116$3,997 1314311$1,597 4$2,4
3-Jul-2124$7,492 139416$3,769 8$3,722
26-Jun-2110$4,995 7858$3,847 2$1,148
19-Jun-2128$16,830 82289$1,861 19$14,968
12-Jun-2126$27,238 1520919$25,602 7$1,636
5-Jun-2115$15,539 1310013$14,709 2$600
29-May-2135$20,279 1114528$18,647$1,639
22-May-2124$53,208 1417417$51,047 7$2,161
15-May-2118$10,620 1322011$5,870 7$4,809
8-May-2117$10,400 1115615$8,386 2$2,500
1-May-2121$7,200 1611512$3,808 9$3,392
24-Apr-218$20,200 9318$20,200 00
17-Apr-2114$6,270 810211$40,180 3$2,260
10-Apr-2115$8,940 1312914$7,990 1$950
3-Apr-2118$19,513 1015112$16,923 6$2,590
27-Mar-2127$13,942 1524414$4,300 13$9,633.50
20-Mar-2111$2,046 41023$270 8$1,776
13-Mar-2115$3,270 91096$538 9$2,732
6-Mar-2124$13,617 1019613$10,395 11$3,222
27-Feb-2119$8,105 1213915$4,970 4$3,135
20-Feb-219$8,820 91538$8,520 1$300
13-Feb-2112$4,852.60 78172,7665$2,086.60
6-Feb-2118$9,752 1315314$5,222 4$4,530
30-Jan-2118$9,449 918215$8,753.80 3$695.30
23-Jan-2114$8,150 81186$4,000 8$4,150
16-Jan-2117$6,783 1313811$2,400 6$4,382.90
9-Jan-2122$6,829 1413518$3,139.30 4$3,690
2-Jan-217$1,466 7607$1,466 00
26-Dec-2018$15,900 1216316$5,300 1$600
19-Dec-2018$9,769 1411014$8,426 4$1,343
12-Dec-2010$7,200 91009$3,325 1$3,830
5-Dec-2015$4,261 91229$2,780 6$1,481
28-Nov-2019$7,758 1011013$4,003 6$3,755
14-Nov-2014$864.10 1415712$289.10 2$575
7-Nov-2013$6,332 91299$2,483.50 4$3,849
31-Oct-2010$3,995.80 81036$3,231.10 4$754.70
24-Oct-206$18,100 6585$17,709 1$350
17-Oct-208$351.90 5558$351.90 00
10-Oct-207$5,229 3504$735 3$4,494
3-Oct-2014$21,428 91739$17,535 5$3,893
26-Sep-2010$12,770 8935$10,300 5$2,470
19-Sep-2014$8,365 91016$1,020 8$7,345
12-Sep-206$4,406 8593$1,270 3$3,136
5-Sep-2011$5,191 81179$4,061 2$1,130
29-Aug-2011$2,531 9945$1,130 6$1,401
22-Aug-2018$6,574 121407$1,930 11$4,644
15-Aug-2013$4,991 10977$1,216 6$3,775
8-Aug-2012$32,092 111129$30,457 3$1,635
1-Aug-207$5,287 8765$3,687 2$1,600
25-Jul-209$18,751 6677$18,403 2$348
18-Jul-206$1,982.50 5504$1,407.50 2$575
11-Jul-2011$565.10 127510$65.10 1$500
4-Jul-2010$8,889 8989$8,788 1$100.30
27-Jun-208$6,874 10505$4,972.50 3$2,081.50
20-Jun-2012$4,444 91157$2,829 5$1,615
13-Jun-206$3,582 4372$350 4$3,232
6-Jun-2011$3,213.70 8657$470 4$2,743.70
30-May-208$7,335 7486$4,639 2$2,697
23-May-204$432.40 4343$432.40 10
16-May-206$310 6345$310 10
9-May-2018$5,630 1612414$3,180 4$2,450
2-May-201510,40010908$1,900 7$,8,500
25-Apr-208$3,400 9365$1,000 3$2,450
18-Apr-2019$9,500 14928$185.70 11$9,360
11-Apr-2012$6,000 9405$190 7$5,800
4-Apr-2014$8,200 116810$2,200 4$6,000
28-Mar-2016$6,500 139610$3,700 6$2,800
21-Mar-2011$11,910 7337$2,250 4$9,960
14-Mar-207809.86346684.81125
7-Mar-2016$2,500 157013$669 3$1,400
29-Feb-2013$15,260 1312811$11,760 2$3,500
22-Feb-2012$3,700 109210$2,560 2$1,130
15-Feb-2016$1,250 108412$35 4$1,222
8-Feb-2018$6,080 1412314$2,595 4$3,485
1-Feb-2021$20,900 1210114$17,860 7$3,060
25-Jan-2013$7,430 136212$6,430 1$1,000
18-Jan-2023$9,580 1512019$6,580 4$3,000
11-Jan-2021$14,200 1819916$1,020 5$13,200
4-Jan-2022$6,400 1111916$3,204 6$3,245
28-Dec-1922$7,150 1917518$6,800 4$327.40
14-Dec-1924$36,300 2316719$9,500 5$26,800
7-Dec-1911$10,400 11557$1,082 4$9,370
November 30. 201914$2,450 1212612$1,760 2$692.50
23-Nov-1916$1,995 104111$615 5$1,380
16-Nov-1915$3,820 1313511$2,500 4$1,271
9-Nov-1925$12,900 1718223$12,200 2$575
2-Nov-1910$2,470 126192,4503$22
26-Oct-1912$5,560 147011$3,860 1$1,700
19-Oct-198$6,600 81388$6,600 00
12-Oct-1919$4,300 145516$3,800 3$500
5-Oct-1918$14,500 1916615$11,100 3$3,400
28-Sep-1919$8,100 1813218$7,560 1$550
21-Sep-1914$6,300 166611$2,160 3$4,170
14-Sep-1915$23,800 125611$21,250 4$2,570
7-Sep-1917$3,500 159814$1,900 3$1,600
31-Aug-195$8,700 6505$8,700 00
24-Aug-1916$10,000 148215$4,250 1$5,750
16-Aug-1910$1,680 5527$650 3$950
9-Aug-1917$17,700 156814$3,900 3$13,800
2-Aug-1913$5,760 1210813$5,760 NANA
27-Jul-1911$7,300 13768$6,570 3$730
20-Jul-1913$11,800 1312511$5,300 2$6,500
13-Jul-1910$775 7468$542.50 2$233
6-Jul-197$2,500 9857$2,500 00
29-Jun-1923$8,290 1515417$2,300 6$5,970
22-Jun-1917$10,700 1013914$7,700 3$3,000
15-Jun-1911$13,500 1416011$13,500 NANA
8-Jun-1913$2,870 175511$1,570 2$1,300
1-Jun-1910$4,460 11608$4,140 2$315
25-May-1917$4,360 147914$3,700 3$612
18-May-1922$9,000 1715016$3,400 6$5,600
11-May-1918$19,800 1717715$18,300 3$1,500
4-May-1910$7,075 6328$6,900 2$175
27-Apr-1915$3,200 1411714$3,160 1$40
20-Apr-1913$13,500 10909$12,200 4$1,300
13-Apr-1916$38,900 149114$37,800 2$1,100
6-Apr-1912$6,870 119410$6,730 2$50
30-Mar-1915$6,470 128410$7,91.55$5,677
23-Mar-1918$6,450 149114$5,042 4$1,408
16-Mar-1914$10,180 1211511$8,800 3$1,300
9-Mar-199$1,800 6498$1,300 1$500
2-Mar-1920$3,033 1610714$1,817 6$1,262
23-Feb-1912$2,040 8699$614.60 3$1,430
16-Feb-1916$9,970 187716$9,970 00
9-Feb-1914$6,400 1011014$6,400 00
2-Feb-1918$6,740 159916$5,720 2$950
26-Jan-1913$2,770 116711$918.95 2$1,850
19-Jan-1915$3,819 167612$2,594 3$1,225
12-Jan-1918$7,283 149215$1,683 3$5,600
5-Jan-1910$529 125010$529 00
22-Dec-1817$2,570 138714$941 3$1,629
15-Dec-1810$2,860 8268$264 2$2,600
8-Dec-1815$1,819 166512$552 3$1,267
1-Dec-1812$7,500 10909$1,200 3$6,200
28-Nov-1815$4,500 1110714$4,000 1$500
19-Nov-1818$6,137 139813$2,142 5$3,995
14-Nov-1818$9,200 1315215$8,500 3$694
6-Nov-1816$17,300 1618314$16,361 2$950
29-Oct-1814$14,400 1812717$13,800 1$600
24-Oct-1813$6,140 1312611$5,122 2$1,018
17-Oct-1818$18,390 1512514$12,292 4$6,098
10-Oct-1829$3,149 1810420$1,647 9$819
2-Oct-1818$9,300 116714$7,300 4$2,000
25-Sep-1813$7,000 117510$6,000 3$995
18-Sep-189$3,570 7449$3,570 00
11-Sep-1813$5,900 1013213$5,900 00
7-Sep-1814$5,000 158611$4,000 3$1,000
29-Aug-1815$20,700 147913$4,700 2$16,000
20-Aug-1810$12,400 11538$11,380 3$1,057
14-Aug-1812$19,900 121329$18,889 3$1,011
7-Aug-1816$68,600 1110613$67,259 3$1,340
31-Jul-1815$15,100 159511$13,060 4$2,060
23-Jul-1813$2,130 156010$1,804 3$1,100
17-Jul-1814$5,370 17989$4,310 5$1,100
9-Jul-1816$11,200 157410$11,080 6$862
3-Jul-1813$7,000 78112$6,330 1$750
25-Jun-1815$8,800 13979$4,970 6$3,930
18-Jun-1813$14,200 14807$221 6$14,290
11-Jun-1812$6,300 8968$5,910 4$803
6-Jun-1813$14,500 10888$14,154 5$579
31-May-1811$4,890 10638$3,240 3$1,790
22-May-1815$20,400 11639$19,808 6$885
15-May-1815$4,700 1510610$3,900 5$643
9-May-1811$1,400 13889$1,300 2$560
1-May-188$14,250 7887$13,400 1$450
24-Apr-1812$5,300 66111$4,470 1$800
17-Apr-189$1,800 10447$2,330 2$1,434
11-Apr-1811$2,500 8326$1,690 5$809
3-Apr-1815$13,400 111219$12,020 6$1,090
28-Mar-1810$4,000 10927$3,870 3$215
19-Mar-1817$5,800 135110$590 7$5,165
12-Mar-1815$3,130 114311$2,360 4$788
6-Mar-1819$5,400 1311610$1,530 9$4,860
27-Feb-1820$6,600 136914$5,530 6$1,030
19-Feb-1815$5,500 1411110$3,990 6$1,980
12-Feb-1823$10,900 1715712$7,110 11$3,840
5-Feb-1816$8,600 131007$1,330 9$7,800
30-Jan-1811$12,600 11685$7,300 6$4,982
24-Jan-1819$9,400 151295$2,010 14$7,337
18-Jan-1810$6,280 8492$2,100 8$4,188
9-Jan-1812$16,500 12929$15,890 3$475
3-Jan-1810$2,500 9478$2,350 2$150
27-Dec-1715$9,000 151139$7,568 6$1,784
18-Dec-1715$13,800 161649$13,010 7$1,118
11-Dec-1714$9,700 1012612$2,940 4$8,500
4-Dec-176$1,800 6315$1,510 1$300
28-Nov-177$3,850 8764$3,260 3$285
16-Nov-1710$2,700 10486$1,840 4$856
8-Nov-1715$2,380 179110$1,860 5$516
1-Nov-1712$4,700 17949$3,400 4$1,300
23-Oct-1715$10,500 106710$9,780 4$1,530
18-Oct-176$2,000 373$225 3$1,820
10-Oct-1712$6,570 1009$3,880 3$3,360
2-Oct-178$3,100 11193$1,630 5$1,750
25-Sep-178$4,880 8795$2,660 5$2,070
18-Sep-179$4,770 3$300 6$4,470
12-Sep-1711$4,430 8$2,030 3$2,400
1-Sep-174$1,310 3$317 1$1,000
23-Aug-1711$13,640 98$11,840 3$1,800

M&A/Fundings

CC Capital, OneIM to pay $2.5B for Australian wealth management firm

Deal Description: CC Capital and One Investment Management announced July 21, a scheme of arrangement with Insignia Financial Ltd., an Australian wealth management group. Under the Scheme Implementation Deed filed with the Australian Stock Exchange (ASX), the New York-based investors would acquire 100 percent of Insignia’s stock for about $2.5 billion, a 56.9 percent premium over Insignia’s per share pricing on December 11, 2024. The SID is expected to reach individual shareholders in early 2026. Insignia, whose corporate history dates back to 1846, figures to play a heavy role in retirement savings and investment for Australia’s aging population.

CC Capital Financial Advisors: Deutsche Bank Australia (lead), Macquarie Capital (lead), Santander, Rothschild, Houlihan Lokey, Deloitte (tax), NMG Consulting (due diligence)

Finance Outside Legal Counsel: Latham & Watkins

Latham Lead Lawyers: Stelios Saffos and Peter Sluka

CC Capital Outside Legal Counsel: Ashurst (Australia), Skadden, Arps, Meagher & Flom (U.S.)

Skadden Lead Lawyers:  Todd Freed (New York) and Patrick Lewis (New York)

OneIM Outside Legal Counsel: Herbert Smith Freehills Kramer (Australia), Weil Gotshal & Manges (U.S.)

Weil Lead Lawyers: Kyle Krpata (Silicon Valley) and Jacqui Bogucki (Houston)

Other Lawyers: Jason Vollbracht (Silicon Valley), Justina Chen (Silicon Valley), Danek Freeman (New York)

Prosperity Bancshares to acquire American Bank for $321.5M

Deal Description: In a deal valued at $321.5 million, American Bank Holding Corporation of Corpus Christi has agreed to merge with Houston-based Prosperity Bancshares. American Bank operates 18 banking locations and two loan production offices in South and Central Texas, including Port Aransas, Rockport and Houston, along with Corpus Christi. Under terms of the agreement, Prosperity will issue 4,439,981 shares of its common stock for all outstanding shares of American which, as of March 31, reported total assets of $2.5 billion, total loans of $1.8 billion and deposits totaling $2.3 billion. The $321.5 million price tag is based on Prosperity’s closing share price of $72.40 on July 16.

Prosperity Bancshares In-House Counsel: GC Charlotte Rasche (Houston)

American In-House Counsel: GC Townes Mahaffey (Corpus Christi)

American Financial Advisors: Stephens, Inc.

American Outside Legal Counsel: Norton Rose Fulbright

Norton Lead Lawyer: Bryn Sappington (Dallas)

Texas Lawyers: Evan Hardee (Dallas), Blake Redwine (Dallas), Steven Constantin (Dallas), Ted Tooley (Dallas), Amanda Yang (Dallas), Robert Phillpott (Houston), Alexander Clark (Dallas), Katherine Oglesby (Dallas)

Prosperity Financial Advisors: Keefe, Bruyette & Woods

Prosperity Outside Legal Counsel: Wachtell, Lipton, Rosen & Katz

HeroDevs scores $125M investment from PSG

Deal Description: HeroDevs, developers of a security platform for Open Source Software based in Salt Lake City, announced July 24 a growth equity investment of $125 million from PSG. The deal includes existing investor Album also participated in the growth equity investment round. HeroDevs intends for the investment to continue development of its so-called Never-Ending Support for vulnerable or outdated OSS platforms and systems — many made even more vulnerable by the rapid rise of AI driven threats.

HeroDevs Financial Advisors: D.A. Davidson, Ampleo

HeroDevs Outside Legal Counsel: Foley & Lardner

PSG Outside Legal Counsel: Weil, Gotshal & Manges

Weil Lead Lawyer: David Gail (Dallas)

Other Lawyers: Benton Lewis (New York), Jennifer Britz (New York)

AI compliance agent Delve raises $32M in Series A funds

Deal Description: The compliance platform Delve announced July 22 that it raised $32 million in a Series A round led by Insight Partners. Delve is an AI-driven compliance agent that now serves more than 500 companies, including AI startups Lovable, Bland and Wispr Flow. Founded in 2023, Delve was built by AI researchers from Stanford, Berkeley and MIT to automate compliance processes. Delve is headquartered in San Francisco. Insight is headquartered in New York City.

Insight Partners Outside Legal Counsel: Willkie Farr & Gallagher

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

Asylon Raises $24M in Series B

Deal Description: Asylon, a maker of security robotics based in Philadelphia, announced July 22 that its Series B funding round led by Insight Partners raised $24 million. Veteran Ventures Capital, Allegion Ventures and GO PA Fund participated. Asylon develops and provides robotic perimeter security systems using drones, robots and other forms of detection devices for commercial and government use.

Insight Partners Outside Legal Counsel: Willkie Farr & Gallgher

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

NAVEX gets new owners: Goldman Sachs, Blackstone

Deal Description: NAVEX, a platform of products and services aimed at risk management and compliance issues, announced July 21 that it has been acquired by the Private Equity business at Goldman Sachs in partnership with funds from Blackstone. The company is currently owned by BC Partners (London) and Vista Equity Partners (Austin). BC Partners says it will retain a significant minority stake in the company, while Vista Equity plans a full exit. Terms of the deal were undisclosed. Headquartered in Portland, Oregon, the NAVEX platform currently serves 13,000 businesses and governmental entities including Dell Technologies, Stellantis, Navistar, Sharp, the University of Notre Dame and the City of Dallas.

NAVEX Financial Advisors: J.P. Morgan

NAVEX Outside Legal Counsel: Simpson Thacher & Bartlett

Goldman Sachs Outside Legal Counsel: Weil Gotshal & Manges

Weil Lead Lawyers: Christopher Machera (New York)

Texas Lawyers: Vynessa Nemunaitis (Dallas)

Elsewhere: Arnie Fridhandler (New York), Noah Beck (New York)

Crusoe, Tallgrass partner to build vertically integrated data center

Deal Description: Crusoe, a Denver-based energy company that provides energy from flared natural gas, announced July 24 a strategic partnership with Tallgrass Energy to develop a 1.8 gigawatt data center campus in Wyoming. The vertically integrated campus will be designed to be both scalable up to 10 GW while utilizing a variety of energy sources. The site was selected to be adjacent to a Tallgrass carbon sequestration hub. Tallgrass is headquartered in Leawood, Kansas.

Crusoe Outside Legal Counsel: Kirkland & Ellis

Kirkland Lead Lawyers: Melissa Kalka (Dallas) and David Feirstein (New York)

Texas Lawyers: Allan Kirk (Houston)

Elsewhere: Andrew Stuyvenberg (Washington, D.C.), Cody Sonntag (Century City), Kevin Earnhart (Los Angeles), Rohit Chaudhry (Washington, D.C.)

Arclight Capital acquires Advanced Power

Deal Description: Arclight Capital Partners announced its agreement to acquire Advanced Power, a large-scale alternative energy and energy storage provider. Financial terms of the transaction were undisclosed, but the agreement includes an initial equity commitment of $1 billion as part of a potential equity commitment of up to $5 billion for investment in mixed-source power infrastructure for data centers. Arclight acquires from Advanced Power more than 12 GWs of Advance Power’s late stage conventional and renewable projects and another 10+ GWs of storage to be paired with Arclight’s existing portfolio of more than 26 GWs of existing power operations. Since 2001, ArcLight has owned, controlled, or operated over 65 GW of assets and 47,000 miles of electric and gas transmission infrastructure.

Advanced Power Financial Advisors: Morgan Stanley

Advanced Power Outside Legal Counsel: Sidley Austin

Sidley Lead Lawyer: Noreen Phelan (Washington, D.C.)

Texas Lawyers: Jeff Kinney (Houston)

Elsewhere: Chaim Theil (New York), Tara Higgins (New York)

Arclight Outside Legal Counsel: Latham & Watkins

J.F. Lehman exits Narda-MITEQ with sale to Amphenol

Deal Description: J.F. Lehman announced July 23 the sale of one of its portfolio companies, Narda-MITEQ, to Amphenol Corporation. Narda-MITEQ designs and manufactures microwave components and subsystems for defense and commercial markets. It was acquired by Lehman in 2021. Narda-MITEQ expanded its product line with the acquisition of Intelligent RF Solutions in December 2021. Terms of the agreement were undisclosed. Amphenol is based in Wallingford, Connecticut.

JFLCO Outside Legal Counsel: A&O Shearman

Shearman Lead Lawyers: Alain Dermarkar (Dallas) and Kyle Park (Dallas)

Texas Lawyers: Efren Lemus, (Dallas), Emily Kelly (Dallas), Samantha Favela (Dallas), Ian Johnson (Dallas)

Dallas investors BRIX Holdings sells 250 food franchises

Deal Description: Dallas-based BRIX Holdings, a franchising company that owns and operates 250 food franchises, announced July 22 that it is being acquired Legacy Brands International, an investment group managed by Amol Kohli, a major franchisee in the Friendly’s chain. The Brix portfolio includes locations for the Friendly’s, Clean Juice, Orange Leaf, Red Mango, Smoothie Factory + Kitchen, Souper Salad and Humble Donut Co. chains. Terms of the agreement were undisclosed, but JAMCO, the majority investor in Brix Holdings plans to continue their involvement in BRIX.

Legal Brands Outside Counsel: Dilworth Paxson

BRIX Outside Counsel: Gibson, Dunn & Crutcher

Gibson Lead Lawyer: Robert Little (Dallas)

Texas Lawyers: Kiel Saurman (Dallas), Krista Hanvey (Dallas)

Audax deals portfolio waste manager LES to Goldman Sachs Alternatives

Deal Description: Middle market investor Audax Private Equity announced July 23, that it is selling it liquid waste services, Liquid Environmental Solutions, to Goldman Sachs Aternatives. Terms of the investment were undisclosed. Founded in 2002 and based in Irving, LES specializes in the monetization of non-hazardous liquids collected from such sources as restaurant grease traps, grocery stores, hotels and schools by harvesting materials from the waste. Audax acquired the company as an investment platform in 2017, and since then has made 13 acquisitions. LES now operates from 90 locations across 50 states. Audax is headquartered in Boston.

Audax/LES Financial Advisors: Houlihan Lokey, Baird (co-advisor)

Audax/LES Outside Legal Counsel: Ropes & Gray, Frederikson & Byron

GS Alternatives Financial Advisors: Stifel

GS Outside Legal Counsel: Simpson Thacher & Bartlett

Simpson Lead Lawyers: Breen Haire (Houston)

Texas Lawyers: Tushar Parashar (Houston), George Smith (Houston), Alexiz Magro-Malo (Houston),  Adam Danciu (Houston), Natalie Marionneaux (Houston), Matias Botto (Houston)

Elsewhere: Catherine Burns (New York), Shawn Dogra (New York), Andrew Blau (New York), Benjamin Faber (New York), Toby Chun (Washington, D.C.), Manideepa Sarkar (New York), Jonathan Goldstein (New York), George Rein (New York), Marisa Geiger (New York), Dewey Kang (New York), Christian Bond (New York), Krista McManus (New York), Helene Snyder (New York), Matt Feehily (London), Lauren Gluzman (London), Steven DeLott (New York)

Catalyst lands “significant investment” from DRW Energy Trading

Deal Description: Catalyst Power, a custom power provider specializing in multi-sourced microgrids, announced a “significant” but undisclosed strategic equity investment by global energy merchants DRW Energy Trading. Catalyst is based in New York, DRW in Chicago. The investment dovetails Catalysts’ tailored integration of retail and behind-the-meter power sources with DRW’s energy trading expertise, which both perceive as a valuable combination of resources in a changing energy environment (think: data centers). Catalyst utilizes a variety of technologies on a proprietary platform to take advantage of traditional, alternative and clean energy sources including solar, combined heat and power, energy storage, etc. Catalyst is backed by DRW and Dallas-based BP Energy Partners.

DRW Outside Legal Counsel: Willkie Farr and Gallagher

Willkie Lead Lawyer: Archie Fallon (Houston) and Tan Lu (Houston)

Texas Lawyers: Jason Nasra (Houston), Robert Jacobson (Houston), Leiying Peng (Houston), Nick Lestos (Houston)

Elsewhere: Norman Bay (Washington, D.C.), Matthew Goldberg (Washington, D.C.)

Capital Markets/Credit

Southwest Power Pool to beef up grid with $150M credit facility

Deal Description: As part of system upgrade to meet future power demands, grid operator Southwest Power Pool, Inc., announced its procurement of a $150 million credit facility led by Simmons Bank. The money will be used to fund the second phase of the upgrade, a build out of its centralized real-time and day-head unit commitment and dispatch market in the Western Interconnection known as “Markets+.” The program is designed to promote greater coordination among energy markets in the Southwest in support of vastly increased regional energy demand. The company expects to launch the grid initiative in 2027. The funding framework was approved by FERC in April. Eight utilities in the West and Southwest have committed to using the Markets+ exchange.

Simmons Outside Legal Counsel: Bracewell

Bracewell Lead Lawyers: Heather Brown (Houston) and Will Anderson (Houston)

Texas Lawyers: William A. (Trey) Wood (Houston), Alan Stewart (Houston), Gwendelyn Butler (Houston)

Elsewhere: Catherine McCarthy (Washington, D.C.)

Linkhome lands $6M in IPO

Deal Description: Linkhome Holdings, which operates what the company describes as “The World’s First AI-Powered Real Estate Platform” announced its Initial Public Offering of 1,500,000 common shares of the company at $4.00 per share, netting proceeds of $6 million dollars. Trading began on the Nasdaq exchange on July 24 under the ticker symbol “LHAI.” The stock closed Friday at $10.31. The Linkhome platform combines fintech and AI to service home buyers and sellers in their transactions. The company is based in Irvine, California.

Linkhome Outside Legal Counsel: Winston & Strawn

Winston Lead Lawyers: Michael Blankenship (Houston)

Texas Lawyers: Eric Johnson (Houston), Ben Smolij (Houston), Drew Pierce (Houston), Matthew Regens (Houston),

Elsewhere: Jeremy Spankowski (Chicago)

Hong Kong printers Cre8 earns $5.8M in IPO

Deal Description: Cre8 Enterprise Limited, announced the close of its IPO which netted $5.8 million. The company, a financial printing firm based in Hong Kong, offered 1,450,000 common shares at $4 per share on the Nasdaq Capital Market under the ticker symbol “CRE.”

Underwriters: American Trust Investment Services (representatives), Prime Number Capital (co-underwriter)

Underwriters Outside Legal Counsel: Winston & Strawn

Winston Lead Lawyer: Michael Blankenship (Houston)

Texas Lawyers: Hannah Miller (Houston), Robbie Oakes (Houston)

Elsewhere: David Sakowitz (New York)

Cre8 Outside Legal Counsel: Ortoli Rosenstadt

Allen Pusey

Allen Pusey is a senior editor and writer at The Texas Lawbook.

View Allen’s articles

Email Allen

©2025 The Texas Lawbook.

Content of The Texas Lawbook is controlled and protected by specific licensing agreements with our subscribers and under federal copyright laws. Any distribution of this content without the consent of The Texas Lawbook is prohibited.

If you see any inaccuracy in any article in The Texas Lawbook, please contact us. Our goal is content that is 100% true and accurate. Thank you.

Primary Sidebar

Recent Stories

  • CDT Roundup: Watt a Week as Deals Spark Up Power and Security
  • Seadrill Partners Seeks Approval of Jackson Walker Bankruptcy Settlement
  • Texas Lawbook Thanks Keurig Dr Pepper and Shell, Toyota and Vitol, and Many of You
  • Courtroom Curveball: $440M Longtime Dispute Over Sale of Astros Ends in Settlement
  • Cicis Trial Became an Opportunity to Train the Next Generation of Trial Lawyers

Footer

Who We Are

  • About Us
  • Our Team
  • Contact Us
  • Submit a News Tip

Stay Connected

  • Sign up for email updates
  • Article Submission Guidelines
  • Premium Subscriber Editorial Calendar

Our Partners

  • The Dallas Morning News
The Texas Lawbook logo

1409 Botham Jean Blvd.
Unit 811
Dallas, TX 75215

214.232.6783

© Copyright 2025 The Texas Lawbook
The content on this website is protected under federal Copyright laws. Any use without the consent of The Texas Lawbook is prohibited.