James M. Garrett

Global alternative asset management firm TPG will acquire a majority stake in critical infrastructure provider Sabre Industries Inc. from Blackstone Energy Transition Partners in a deal guided by Latham & Watkins LLP, Kirkland & Ellis LLP, and Vinson & Elkins LLP, the companies announced Friday. According to the announcement, TPG used its TPG Rise Climate investment platform to obtain the majority stake, and the deal is supposed to be completed in the second quarter of 2026. Blackstone will keep its minority stake in Sabre, which initially received investments from Blackstone's managed funds in 2021, the companies said. According to the announcement, Sabre has 2,800 employees, and its clients include data centers and telecommunications companies. In a Friday article about the deal, Reuters reported that Sabre is worth $3.5 billion. In separate Friday statements, executives for all three companies praised the deal, with TPG partner Steven Mandel describing the transaction as "a significant opportunity." "We believe there is a significant opportunity for leading equipment providers to meet rising electricity demand and modernize a grid increasingly vulnerable to extreme weather events," Mandel said. "Sabre's leadership in transmission and distribution, combined with its specialized enclosures for the data center market, positions the company at the heart of these essential trends." TPG declined to provide additional comment Friday. Blackstone and Sabre didn't respond to requests for additional comment. TPG is represented by Kristen Grannis, James Garrett, John Miller, Jameson Miller, Kevin Donovan, David Lee, Talia Wyschogrod, Jennifer Boyd, Harrison Little, Alec Born, James Langlois, Katharine Moir, Greg Conyers, Ben Rosemergy, Victoria Wolfe, Alyssa Dantoin, Sandy Benjamin, Sahar Merchant, Elizabeth Gemdjian, Debbie Hinck, Susana Santos, Victoria Allen, Scott Joiner, C.J. Rydberg, Julia Hatcher, Josh Marnitz, Anna Dykema, Phil Goldberg, Harrison White, Amara Banks, Enrique Covarrubias, Shira Bressler, and Brandon Hemans of Latham & Watkins LLP and Scott Rolnik, Lauren Nickoloff, Shelby Lindholm, Emily Barber, Michael Urschel, Brandon Karas, and Jared Rusman of Kirkland & Ellis LLP. Blackstone is represented by Benji Barron, Jordan M. Fossee, Zac Horne, Rylie Goldwait, Chet Wynne, Domonique Richardson, Jason McIntosh, Brian Russell, Patrick Darby, David Wicklund, Megan Hardy, Dane Rogerson, Hill Wellford, Kara Kuritz, Ryan Will, Matt Dobbins, Kelly Rondinelli, Becky Baker, Peter Goetschel, Shane Tucker, Kenneth Strain, Madeline O'Neill, Sarah Mitchell, Victoria Bahrami-Negad, Jamie Leader, Courtney Hammond, Rajesh Patel, Haley Titcomb, Fry Wernick, Brian Howard, Joyce Adetutu, Randall Johnston, Frankie Vélez, and Claire Connor of Vinson & Elkins LLP.

Feb 6

2 min

A woman who said she suffered back and neck injuries when she was hit by a U.S. Postal Service vehicle in Connecticut has filed a lawsuit demanding more than $2 million from the federal government. Pamela Meistrich's complaint filed Wednesday in the District of Connecticut alleged that a mail carrier hit her while she was walking on a road in Stratford called Harbour View Place on the afternoon of Feb. 28, 2024. In addition to neck and back pain, the collision caused injuries including an intestinal hernia and mental pain and suffering, causing her to lose income, according to the lawsuit. "In addition to the general damages sustained by the plaintiff, Pamela Meistrich, she has suffered substantial expenses which she has incurred and will continue to incur, including but not limited to, expenses for medical treatment including the service of doctors, hospital and the like, the exact amount to be proven at trial," the complaint said. Meistrich said she was also unable "to perform her usual and customary chores for a period of time" and missed out on social activities. She blamed the mail carrier for failing to "exercise due care" before the collision and said the USPS and the federal government should be held liable for negligence. Counsel for Meistrich and representatives of the USPS and the U.S. Department of Justice did not immediately respond to requests for comment Friday. Meistrich is represented by Garrett M. Moore Jr. of Moore O'Brien & Foti. Counsel information for the defendants was not immediately available. The case is Meistrich v. United States of America et al., case number 3:25-cv-01879, in the U.S. District Court for the District of Connecticut.

Nov 7

1 min

I Squared Capital (I Squared), a global infrastructure investment manager, announced that it has entered into an agreement to acquire Priority Power Management, LLC. (Priority Power), one of the largest independent providers of turnkey energy management services for commercial and industrial customers across more than 40 US states. I Squared’s Global Infrastructure Fund III will acquire Priority Power from Ara Partners, Oaktree Capital Management, L.P., and certain other shareholders. Latham & Watkins LLP represents Priority Power in the transaction with a corporate deal team led by Houston partners James Garrett and Ryan Maierson, with associates Denny Lee, Zainab Hashmi, Jeff Serfass, Braydon Jones, Stacey Hall, and Eugenio Enrique Ascanio Carrera. Advice was also provided on tax matters by Houston partner Jim Cole, with associates Nolon Blaylock and Molly Elkins; on benefits matters by Century City/Bay Area partner Julie Crisp, with associate Julia Lee; on regulatory matters by Washington, D.C. partner Natasha Gianvecchio, with associate Richard Griffin; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associate Ryan Clore; on data privacy matters by Houston/Austin counsel Robert Brown, with associate Kiara Vaughn; on finance matters by Boston partner Susan Parker, with associate Maggie Guidotti;* on labor and employment matters by Chicago partner Nineveh Alkhas; on antitrust matters by Washington, D.C. partners Lindsey Champlin and Jason Cruise, with associates Andrew Paik and Christina Lantuh; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Nolan Fargo; on real estate matters by New York partner Mark Semotiuk and New York counsel Lisa Brabant; on anti-corruption matters by Washington, D.C. partner Brian Kowalski; on CFIUS matters by Washington, D.C. partner Jim Barker; on insurance matters by San Diego/Los Angeles counsel Hannah Cary; on litigation matters by Bay Area partner Nicole Valco; and on additional corporate matters by associates Jameson Miller and David Lee. *Not admitted to practice in Massachusetts. Admitted in New York.~~

Jul 30

1 min

Civitas Resources, Inc. (NYSE: CIVI) (Civitas) has announced it has entered into an agreement to acquire assets from Vencer Energy, LLC (Vencer Energy) for US$2.15 billion in a combination of cash, stock, and deferred payment consideration, subject to customary anti-dilution and purchase price adjustments. The assets are comprised of certain oil and gas properties, interests, and related assets located in Glasscock, Martin, Midland, Reagan, and Upton Counties, Texas. The transaction is expected to close early in the first quarter of 2024, subject to customary closing conditions and regulatory approvals. Latham & Watkins represents Vencer Energy in the transaction with a corporate deal team led by Houston partners James Garrett, Michael King, and John Greer, with associates Cesar Leyva, Daniel Harrist, Monika Kluziak, John Daywalt, Jordan Armstrong, Kevin Donovan, and Chris Fanick. Advice was also provided on labor and employment matters by Washington, D.C. partner Adam Kestenbaum and Houston counsel Krisa Benskin; on tax matters by Houston partner Jim Cole, with associate Dominick Constantino; on antitrust matters by Washington, D.C. partner Jason Cruise; and on finance matters by Houston partner Catherine Ozdogan.~~

Oct 4

1 min

Chesswood Group Limited (TSX: CHW), a specialty finance company with 40 years of experience in the commercial equipment finance market, and Wafra Inc., a global alternative investment firm, have announced an agreement forming a joint venture partnership between Chesswood subsidiary Pawnee Leasing Corporation and certain funds managed by Wafra Inc. Latham & Watkins LLP represented Wafra Inc. in the transaction with a deal team led by Houston partner James Garrett and Chicago partner Matt Hays, with assistance on corporate matters by associates John Daywalt and Justin Reinking, and assistance on finance matters by associates Daniel Spivey and Jana Zupikova. Advice was also provided on tax matters by Bay Area partner Katharine Moir, with associate Christina McLeod.~~

Oct 31

1 min