Texas-based companies continued their aggressive pace of M&A activity during the first three months of 2015. New Mergermarket data shows that nearly every business sector, including healthcare, technology, business services and retail, continued at near record highs in Q1. The huge exception was oil and gas upstream, which is nearly dead except for the few distressed companies selling assets because they have no other option.
By contrast, oil and gas pipeline companies continued their frantic pace of acquiring and divesting assets. Energy Transfer Partners purchased Regency Energy Partners for $18 billion, which is the largest deal so far this year.
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