Tom Harris in Dallas Business Journal: Merger mania sweeps Texas, Dallas

07/11/2014


In the midst of Texas’ economic prosperity is roaring activity in its mergers and acquisitions market, with the state seeing its highest rate in years during the first half of 2014.

Reports by The Texas Lawbook dub the activity “merger mania,” stating Texas companies have announced at least 255 mergers since the beginning of the year. That’s 30 percent more than in the first six months of 2013. All told, 2014 deals total approximately $45.5 billion, according to data by Mergermarket.

And it gets better – M&A pace is supposed to stay or improve during the second half of the year ...

Haynes and Boone ranked fifth in Mergermarket’s data for number of deals, completing 19 in the first six months of the year. That netted more than $1.3 billion. Last year, the firm brought in nine deals.

“At the moment we’re managing multiple transactions and we have the depth to do that,” said Tom Harris, head of Haynes and Boone’s M&A practice group. “Our system makes it natural to get our specialists involved, and they’re well-educated on what’s important to our clients. We also think we have a practical group of subject matter experts that help achieve our clients objectives.”

Excerpted from the Dallas Business Journal, July 11, 2014. To view the full article, click here.

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