The M&A Advisor honored Haynes Boone in two categories at the organization’s 24th annual awards for the firm’s work on a pair of deals, each valued at over $350 million.
The firm won the Energy Deal of the Year (Over $100M) for representing Nabors Industries Ltd. (NYSE: NBR) in its agreement to acquire Parker Wellbore in exchange for 4.8 million shares of Nabors common stock, valued at approximately $472 million, including debt.
Nabors Industries is a global leader in the oilfield services industry, providing advanced drilling solutions and rig services in key markets around the world. The acquisition of Parker Wellbore expanded the company’s high-margin, capital-efficient drilling solutions, while enhancing its geographic footprint internationally.
The deal team was led by Partner Arthur Cohen with support from Partners Bruce Newsome, Zachary Burnett and Kellie Bobo as well as Partner Cameron Scales, Associate Janet Wyse and Foreign Associate Sergio Guerrero.
The firm also won the Corporate/Strategic Deal of the Year ($250M-500M) for representing Applied Avionics, Inc., a leading U.S. manufacturer of avionics interface solutions for aerospace and defense platforms, in connection with its sale to Loar Group, Inc., a wholly owned subsidiary of Loar Holdings Inc. (NYSE: LOAR), for approximately $385 million in cash.
Since 1968, Applied Avionics has been a leader in designing and manufacturing highly engineered avionics interface solutions, with its VIVISUN® and NEXSYS® brands preferred by major industry players. Under the terms of the agreement, Loar acquired all outstanding equity interests in Texas-based Applied Avionics in an all-cash transaction.
Partner Brent Beckert led the deal team with support from Partner Bryan Diebels and Associates Joshua Reisman and Janet Wyse.
Haynes Boone’s M&A Practice Group has comprehensive experience handling middle-market deals, having helped clients close more than 500 transactions in the last five years, with an aggregate value exceeding $50 billion. The firm routinely represents private equity firms, closely held corporations, founders, large financial institutions and Fortune 500 public companies.
