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Matthew L. Larsen

Partner at Baker Botts

Lawyer

Dallas

Deal Bio

Total Deals22

Valued Deals14

Total Value£ 26.36 B

Avg. Deal Size£ 1.88 B

Market Context

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23 Dec 2019|United States|Storage Terminals

Target: LONG RIDGE TERMINAL

Bidder: GCM GROSVENOR

6 Service Providers

4 Bidder | 2 Vendor

20 Dealmakers

17 Bidder | 3 Vendor

£ 115 M

Value

31 Mar 2020|United States|Integrated Oil and Gas

Target: DELEK US HOLDINGS (BIG SPRING GATHERING SYSTEM)

Bidder: DELEK LOGISTICS PARTNERS LP

5 Service Providers

3 Bidder | 2 Vendor

15 Dealmakers

3 Bidder | 14 Vendor

n/a

Value

20 Sep 2021|United States|Integrated Oil and Gas

Target: ROYAL DUTCH SHEL PLC (PERMIAN BUSINESS)

Bidder: CONOCOPHILLIPS COMPANY

7 Service Providers

3 Bidder | 4 Vendor

25 Dealmakers

20 Bidder | 6 Vendor

£ 6.91 B

Value

22 Apr 2022|United States|Specialty Contracting

Target: BLUEKNIGHT ENERGY PARTNERS

Bidder: ERGON ASPHALT & EMULSIONS

7 Service Providers

4 Target | 3 Bidder

19 Dealmakers

4 Target | 15 Bidder

£ 380 M

Value

29 Jun 2022|United States|Integrated Oil and Gas

Target: RED BLUFF RESOURCES

Bidder: CITIZEN ENERGY

5 Service Providers

3 Target | 2 Bidder

21 Dealmakers

14 Target | 7 Bidder

£ 123 M

Value

12 Sep 2022|United States|Gas Distribution

Target: EDF ENERGY SERVICES

Bidder: BP PLC

5 Service Providers

1 Target | 2 Bidder | 2 Vendor

25 Dealmakers

2 Target | 21 Bidder | 2 Vendor

n/a

Value

24 Jan 2023|United States|Integrated Oil and Gas

Target: ADVANCE ENERGY PARTNERS

Bidder: MATADOR RESOURCES COMPANY

7 Service Providers

3 Target | 2 Bidder | 2 Vendor

40 Dealmakers

25 Target | 14 Bidder | 1 Vendor

£ 1.29 B

Value

20 Jun 2023|United States|Integrated Oil and Gas

Target: NGP ENERGY (OIL PRODUCING ASSETS IN MIDLAND AND DELAWARE BASINS)

Bidder: CIVITAS RESOURCES INC

16 Service Providers

1 Target | 9 Bidder | 6 Vendor

45 Dealmakers

8 Bidder | 37 Vendor

£ 3.67 B

Value

11 Jul 2023|United States|Integrated Oil and Gas

Target: TEMPLE II POWER PLANT

Bidder: BKV CORPORATION

3 Service Providers

3 Bidder

16 Dealmakers

16 Bidder

n/a

Value

24 Jul 2023|United States|Integrated Oil and Gas

Target: 333 MW LINCOLN AND 483 MW ELGIN

Bidder: AVENUE CAPITAL GROUP

2 Service Providers

2 Bidder

12 Dealmakers

12 Bidder

n/a

Value

24 Jul 2023|United States|Data Centers and Hosting

Target: UNIFUND

Bidder: EVEREST CONSOLIDATOR ACQUISITION CORPORATION

6 Service Providers

2 Target | 4 Bidder

47 Dealmakers

1 Target | 47 Bidder

£ 82 M

Value

15 Dec 2023|United States|Cement

Target: ASSOCIATED ASPHALT PARTNERS LLC

Bidder: ERGON ASPHALT & EMULSIONS

4 Service Providers

1 Target | 2 Bidder | 1 Vendor

35 Dealmakers

35 Bidder | 1 Vendor

n/a

Value

01 Nov 2023|United States|Diversified Industrials

Target: ENLINK APPALACHIAN COMPRESSION

Bidder: ERGON MIDSTREAM HOLDINGS

3 Service Providers

1 Bidder | 2 Vendor

19 Dealmakers

1 Bidder | 18 Vendor

£ 48 M

Value

22 Apr 2024|United States|IT Services: Other

Target: 123NET

Bidder: GRAIN MANAGEMENT LLC

5 Service Providers

3 Target | 2 Bidder

34 Dealmakers

3 Target | 31 Bidder

n/a

Value

01 Aug 2024|United States|Diversified Retailers

Target: DELEK US HOLDINGS (RETAIL BUSINESS)

Bidder: FOMENTO ECONOMICO MEXICANO

7 Service Providers

4 Bidder | 3 Vendor

32 Dealmakers

5 Bidder | 27 Vendor

£ 299 M

Value

21 Nov 2024|United States|Integrated Oil and Gas

Target: NEW FORTRESS ENERGY (MIAMI LNG BUSINESS)

Bidder: PENNYBACKER CAPITAL MANAGEMENT

3 Service Providers

2 Bidder | 1 Vendor

30 Dealmakers

29 Bidder | 1 Vendor

n/a

Value

10 Mar 2025|United States|Integrated Oil and Gas

Target: MOONRISE MIDSTREAM

Bidder: SUMMIT MIDSTREAM PARTNERS LP

4 Service Providers

2 Bidder | 2 Vendor

11 Dealmakers

1 Bidder | 10 Vendor

£ 69 M

Value

05 Aug 2025|United States|Alternative Fuels

Target: PRESIDIO PETROLEUM

Bidder: EQV VENTURES ACQUISITION CORP

12 Service Providers

6 Target | 5 Bidder | 1 Vendor

55 Dealmakers

28 Target | 4 Bidder | 24 Vendor

£ 496 M

Value

12 Aug 2025|United States|Integrated Oil and Gas

Target: BEDROCK ENERGY PARTNERS (BARNETT SHALE ASSETS)

Bidder: BKV CORPORATION

4 Service Providers

3 Bidder | 1 Vendor

24 Dealmakers

24 Bidder | 1 Vendor

£ 275 M

Value

23 Sep 2025|United States|Renewable Energy Equipment

Target: SEMPRA INFRASTRUCTURE PARTNERS

Bidder: KKR & CO

13 Service Providers

3 Target | 6 Bidder | 4 Vendor

102 Dealmakers

28 Target | 58 Bidder | 16 Vendor

£ 7.41 B

Value

02 Jun 2025|Singapore|Digital Services

Target: WEB3AUTH

Bidder: CONSENSYS SOFTWARE INC

3 Service Providers

1 Target | 2 Bidder

14 Dealmakers

1 Target | 13 Bidder

n/a

Value

23 Sep 2025|United States|Integrated Oil and Gas

Target: SEMPRA (PORT ARTHUR LNG PROJECT)

Bidder: BLACKSTONE CREDIT & INSURANCE (BXCI)

11 Service Providers

7 Bidder | 4 Vendor

92 Dealmakers

49 Bidder | 43 Vendor

£ 5.19 B

Value