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Joele Frank handles Endeavor Energy Resources as the shale oil producer agrees to be acquired by Diamondback Energy in a $26B deal.
The deal makes Diamondback the top independent oil producer in America’s No. 1 oil field, the Permian Basin located in Texas and New Mexico.
Diamondback, which will own 65.6 percent of the combined company, edged the much larger ConocoPhillips for Endeavor.
Travis Stice, Diamond CEO, said the combined company’s “inventory will have industry-leading depth and quality that will be converted into cash flow with the industry’s lowest cost structure, creating a differentiated value proposition for our shareholders.”
The merged company will be headquartered in Midland, TX. The deal is expected to close by yearend.
Joele Frank, Wilkinson Brimmer Katcher’s Aaron Palash, Andrew Siegel and Lyle Weston represent Endeavor.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
Joele Frank handles C.H. Robinson Worldwide as the freight transportation company acquires RXO Inc. in a stock and cash transaction pegged at $5.8B to create a company with an enterprise value of more than $25B.
Brunswick Group handles France’s Schneider Electric as it acquires Boston’s PTC, maker of engineering software, for $22.6B cash.
Burson Buchanan handles AAR Corp as the supplier of parts and services to the aviation market acquires a 65 percent stake in MRO Holdings.
