Business transactional lawyers in Texas saw their workload pick up significantly during the second quarter of 2012. New data by mergermarket shows that there were 96 corporate mergers and acquisitions in Texas during April, May and June, which is a 26 percent increase over the same period in 2011. It was the highest deal count for any quarter since the fourth quarter of 2010. The value of the deals totaled more than $57.6 billion, which is up 13.6 percent from 2011.
“Having a robust energy business in Texas helps everyone, from energy-related service providers all the way down to home builders,” says Main Street Capital CEO Vince Foster. “There’s a lot of balance sheet repositioning going on, as oil and gas prices fluctuate.”