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February 23, 2018 – Two Locke Lord deal teams from the Firm’s Energy Practice Group were winners in the categories of Midstream Deal of the Year and Oil and Gas Deal of the Year (<$1B) at the Association for Corporate Growth (ACG) Houston’s recent inaugural awards ceremony, which celebrated the City’s booming middle-market deal community.
In the category for Midstream Deal of the Year, a Locke Lord team led by Bill Swanstrom represented American Midstream Partners LP in its merger agreement with JP Energy Partners LP to create a combined midstream platform. The transaction was announced on Oct. 24, 2016, and closed March 8, 2017, with a majority vote in favor of the merger. The combined partnership has an estimated enterprise value of $2 billion and creates a diversified midstream business operating in leading North American basins. Additional Locke Lord team members included Van Jolas, David Taylor, Mitch Tiras, Jeff Wallace and Ben Smolij.
In the category for Oil and Gas Deal of the Year (<$1B), a Locke Lord team led by Terry Radney, Mitch Tiras and Hunter Summerford represented WildHorse Resource Development Corporation in the acquisition of approximately 111,000 net acres in Texas and associated production from Anadarko Petroleum Corporation and affiliates of Kohlberg Kravis Roberts & Co. L.P. for $625 million. The deal closed June 30, 2017. Additional Locke Lord team members included Greg Heath, Jerry Higdon, Van Jolas, Sara Longtain, Tammi Niven and Ed Razim.
Nominated deals had to be tied to the greater Houston area and must have closed between Oct. 1, 2016, and Sept. 30, 2017. According to ACG, the finalists and winners were selected by an independent panel of esteemed judges and top business leaders that evaluated submitted deals based on the deal’s overall economic and strategic impact to the Houston community, stakeholder value and professional expertise.
Locke Lord has earned a reputation as one of the world’s preeminent energy law firms. The Energy Practice Group is involved in all aspects of the energy value chain and is prominent in traditional oil and gas and has a strong midstream practice in the United States. Lawyers represent clients in a broad range of M&A and project development activities. The team is also involved in recent trends in the energy business, including wind and other renewable energy projects, LNG, alternative fuels, retail energy and rejuvenated energy trading markets. In addition, Locke Lord lawyers are extremely active in private equity and venture capital transactions and fund formation engagements for energy clients.
ACG is the global community for middle market M&A dealmakers and business leaders focused on driving growth. Click here to see the full list of winners and companies for the 2017 ACG Houston Deals of the Year.
About Locke Lord LLP
Locke Lord is a full-service, international law firm of 20 offices designed to meet clients’ needs around the world. The Firm has a history that spans more than 130 years and is a worldwide leader in the middle market sector. Locke Lord advises clients across a broad spectrum of industries including energy, financial services, fund formation, health care, insurance and reinsurance, private equity and venture capital, public finance, real estate, and technology, media and telecommunications, while providing a wealth of experience through its complex litigation, intellectual property, tax, regulatory and transactional teams.