Jennifer R. Gasser

Kirkland & Ellis is advising EQT Corporation (NYSE: EQT) on a definitive agreement with Blackstone Credit & Insurance (NYSE: BX) to form a new midstream joint venture consisting of EQT’s ownership interest in Mountain Valley Pipeline, LLC – Series A (MVP), FERC regulated transmission and storage assets, and the Hammerhead Pipeline. Under the terms of the agreement, Blackstone will provide EQT with a $3.5 billion of cash consideration in exchange for a passive common equity interest in JV. The investment implies a total JV valuation of approximately $8.8 billion. The transaction was announced on November 25, 2024 and is expected to close in the fourth quarter of 2024, subject to customary closing adjustments, required regulatory approvals and clearances. Read the transaction press release The Kirkland team included corporate lawyers David Feirstein, Cy Jones, Lindsey Jaquillard, Jennifer Gasser and Brittany Sakowitz; capital markets lawyers Matt Pacey and Lanchi Huynh; and debt finance lawyer Rachael Lichman.

Nov 25

1 min

Kirkland & Ellis advised Sandbrook Capital in connection with a $300 million capital commitment in Cloverleaf Infrastructure from Sandbrook, NGP and contributions from Cloverleaf’s management team. Cloverleaf is a recently formed developer of large-scale digital infrastructure sites powered by low-carbon electricity. The company is led by a team of seasoned executives with backgrounds from renowned independent power developers such as Pattern Energy and ConnectGen, as well as major data center operators such as Microsoft. Building on this extensive expertise in the power and data center sectors, Cloverleaf collaborates with regional U.S. utilities and data center operators to deliver scalable clean electricity through strategic investments in transmission, grid interconnection, land, onsite power generation and electricity storage. Read the transaction press release The Kirkland team was led by corporate partners Cy Jones, Jennifer Gasser and John Pitts and associate Cat Leveque; and executive compensation partners Katherine Nemeth and Stephen Jacobson.

Jul 17

1 min

Jennifer Gasser A month after launching a new Houston office, Paul Weiss Rifkind Wharton & Garrison LLP expanded the location with the addition of a corporate attorney who moved her practice from Kirkland & Ellis LLP. Jennifer Gasser has been welcomed this week to Paul Weiss as a partner in the M&A group in the corporate department at the Houston office, the firm announced Tuesday. Gasser said in a prepared statement she has "long been impressed" by Paul Weiss' M&A platform. "I look forward to collaborating with my new colleagues and expanding the firm's leading capabilities within Houston, a hotbed of activity for energy and infrastructure," Gasser said. The Houston office opened at the beginning of February when former Kirkland attorneys Sean T. Wheeler and Debbie P. Yee joined Paul Weiss. Wheeler leads the Houston location, with Yee joining as a partner in the M&A group. "Jennifer is a highly skilled M&A lawyer specializing in energy and infrastructure," Wheeler said in a prepared statement. "Her proven track record advising clients in these spaces on their most important transactions makes her an invaluable addition to our growing Houston team." Gasser's practice counsels clients, primarily in the energy and infrastructure industries, on matters related to mergers and acquisitions, divestitures, and joint ventures, according to the firm's announcement. Her notable transactions over the past several years include assisting EQT Corp. with forming a $3.5 billion joint venture with Blackstone Credit & Insurance and with EQT's $35 billion merger with Equitrans Midstream Corporation. "Jennifer's arrival marks another key step in the continued buildout of our Houston team, and we are excited to welcome her to the firm," Scott A. Barshay, chairman of Paul Weiss, said in a prepared statement. Gasser earned her law degree from the University of Texas School of Law in 2015.

Mar 3

2 min

Paul, Weiss, Rifkind, Wharton & Garrison has added a third Kirkland & Ellis M&A partner to its new office in Houston, a market experiencing heavy interest and hiring from Big Law firms this year. Kirkland partner Jennifer Gasser joined Paul Weiss on Tuesday as a partner in the M&A group within the corporate department. Her practice focuses on M&A, divestitures and joint ventures in the energy and infrastructure sectors. In early February, Paul Weiss announced its move into Houston and the hiring of Kirkland M&A partner Sean Wheeler, who will serve as co-chair of global M&A and head of the Houston office, and Wheeler's longtime colleague, Kirkland M&A partner Debbie Yee. “Jennifer’s arrival marks another key step in the continued buildout of our Houston team, and we are excited to welcome her to the firm,” Paul Weiss chairman Scott Barshay wrote in a press release. Wheeler wrote that Gasser's "proven track record" advising clients in energy and infrastructure on important transactions makes her an "invaluable addition" to the team in Houston. “Jennifer is a highly skilled M&A lawyer," he wrote. Gasser could not immediately be reached for a comment on her move. In a press release, she wrote that she has been impressed for a long time by the caliber of work her new firm handles. “I look forward to collaborating with my new colleagues and expanding the firm’s leading capabilities within Houston, a hotbed of activity for energy and infrastructure,” she wrote. According to Paul Weiss, Gasser has recently represented EQT Corp. in multiple transactions, including a midstream joint venture with Blackstone Credit & Insurance and a merger with Equitrans Midstream Corp.; Sandbrook Capital in its acquisition of Bernhard Capital Partners’ equity interests in United Utility Services and Electro Rent Corp.’s equity interests in Intellirent; Cloverleaf Infrastructure in its sale of powered land to Vantage Data Centers for development of a data center campus; Celanese in the divestment of its Micromax portfolio of products to Element Solutions,; and ONEOK, Inc. in its acquisition of Global Infrastructure Partners’ equity interests in Medallion Midstream. A spokesperson for Kirkland provided this comment on Gasser's departure: “We wish Jennifer well in her new role.”

Mar 3

2 min

Kirkland & Ellis advised Dallas-based Arcosa, Inc. (NYSE: ACA) on a definitive agreement to acquire Stavola for $1.2 billion in cash, subject to customary adjustments. Founded in 1948, Stavola is an aggregates-led and vertically integrated construction materials company primarily serving the New York-New Jersey metro area. The transaction, announced on August 1, 2024, is expected to close during Q4 2024. Read Arcosa’s press release The Kirkland team was led by corporate partners Kevin Crews and Jennifer Gasser; and includes environmental transactions partner Jonathan Kidwell; tax partner David Wheat; labor & employment partner Christie Alcala; real estate partner Joshua Faulkner; antitrust and competition partners Michael Thorpe and Elyse Dorsey; capital markets partners Jennifer Wu and leuan List; and technology & IP transactions partner Dan Lewis.

Aug 1

1 min