The Association for Corporate Growth (ACG) Houston proudly announced the Deal of the Year winners at the Ninth annual awards ceremony on Wednesday, April 22 at the Houston Country Club. ACG Houston’s event celebrated Houston’s booming middle-market deal community, honoring the deals and dealmakers who drive middle market growth and their success in generating job growth, capital formation and the advancement of meaningful business relationships in the Houston community.
“This year’s Deal of the Year Awards showcased the exceptional caliber of submissions and the remarkable complexity of transactions completed across Houston’s middle market,” said Chuck Johnson, Event Chair. “It’s truly impressive to see so many sophisticated deals successfully cross the finish line, each one a testament to the talent, innovation, and collaboration within our community. Together, these efforts are not only driving individual success but also fueling the continued growth and strength of Houston’s booming economy.”
The finalists were reviewed and ranked by our independent judge panel of top business leaders and educators including Gustavo Grullon, PhD, Professor of Finance at the Jesse H. Jones Graduate School of Business at Rice University, Frances Powell Hawes, Independent Director for Archrock, Inc., Ernest Hunter, Chief Executive Officer of The Frenchy’s Companies, Mahesh Konduru, Chief Executive Officer of Momentum Technologies, Jennifer Whalen, Chief Financial Officer of The Bristow Group Inc., and Ken Wiles, PhD, CFA, Executive Director of Hick, Muse, Tate & Furst Center for Private Equity Finance and a Clinical Associate Professor of Finance at the McCombs School of Business at The University of Texas at Austin.
The criteria for the nominations included a closing date between January 1, 2025 and December 31, 2025, where the company being transacted, or strategic buyer, is based in the Greater Houston area. The nomination criteria included details such as transaction value range, industry focus and type of transaction as well as anecdotal commentary on what makes the deal unique. Judges evaluated deals based on the parties’ submissions as well as the overall story, economic and strategic impact, stakeholder value and professional expertise.
2025 ACG Houston Deal of the Year Winners
Click here to view full list of finalists and companies
Click here to view winner pictures, full event album coming soon
Business Services Deal of the Year
The Acquisition of Page by Stantec
- Seller: Page Southerland Page, Inc
- Buyer: Stantec Inc.
- Seller Counsel: Chamberlain Hrdlicka
- Buyer Counsel: DLA Piper LLP
- Other Consultants: Haynes Boone, Morningstar Law Group, Forvis Mazars
Business Infrastructure Services Deal of the Year
The Acquisition of Underground Locating Division of Heath Consultants by USIC, a portfolio company of Kohlberg & Partners Group
- Seller: Heath Consultants Incorporated
- Buyer: USIC
- Sell-side Investment Bank: Westlake Securities
- Buy-side Investment Bank: Paragon Software Advisors
- Buy-side Quality of Earnings Provider: RSM
- Seller Counsel: Cozen O’Connor
- Buyer Counsel: Dinsmore
- Private Equity: USIC, jointly owned by Kohlberg & Partners Group
- Other Consultants: Alavarez & Marsal, The Baldwin Group, Lockton
Consumer Deal of the Year
The Acquisition of Alpha Foods Co. by MBC Companies, a portfolio company of e2p
- Seller: Alpha Foods Co.
- Buyer: MBC Companies (portfolio company of e2p)
- Sell-side Investment Bank: GulfStar Group
- Sell-side Quality of Earnings Provider: Baker Tilly
- Seller Counsel: Hunton Andrews Kurth
- Buyer Counsel: Norton Rose Fullbright
- Private Equity: Entrepreneurial Equity Partners (e2p)
- Other Consultants: FTI Consulting, Hauser, Inc.
Energy & Oilfield Services Deal of the Year
The Acquisition of Adams Resources & Energy by an affiliate of Tres Energy
- Seller: Adams Resources & Energy, Inc.
- Buyer: Tres Energy, LLC
- Sell-side Investment Bank: GulfStar Group
- Seller Counsel: Troutman Pepper Locke
- Buyer Counsel: King & Spalding
- Senior Debt: Cadence Bank
Manufacturing & Fabrication Deal of the Year
The Acquisition of Ascend Performance Materials by Silver Point Capital & Lead Investors
- Seller: Ascend Performance Materials
- Buyer: Silver Point Capital, L.P.
- Sell-side Investment Bank: PJT Partners
- Buy-side Investment Bank: Evercore
- Seller Counsel: Kirkland & Ellis
- Buyer Counsel: Gibson, Dunn, & Crutcher
- Senior Debt: Wells Fargo, BoA, Goldman Sachs, JP Morgan
- Junior Debt: Silver Point Capital, Invesco, UBS Asset Management, others
- Private Equity: SK Capital
- Other Consultants: FTI Consulting, Hilco Global, Deloitte LLP
Software & Technology Deal of the Year
A Divestiture of Tachus Fiber by Crosstimbers Capital Group to Ezee Fiber
- Seller: Tachus, LLC
- Buyer: Ezee Fiber Texas, LLC
- Sell-side Investment Bank: Bank Street Group
- Seller Counsel: Latham & Watkins LLP
- Buyer Counsel: Sidley Austin LLP
- Private Equity: Crosstimbers Capital Group
- Other Consultants: I Squared Capital, TVG Consulting
Houston Private Equity Deal of the Year
The Acquisition of Purge Rite Intermediate LLC by Vertiv Holdings Co.
- Seller: Purge Rite Intermediate LLC
- Buyer: Vertiv
- Sell-side Investment Bank: Harris Williams
- Buy-side Investment Bank: Stifel
- Sell-side Quality of Earnings Provider: Alvarez & Marsal
- Seller Counsel: DLA Piper
- Buyer Counsel: Buchanan, Ingersoll & Rooney
- Private Equity: Milton Street Capital
- Other Consultants: McKinsey
Houston Investment Bank Deal of the Year
Corporate / Strategic Acquisition
The Acquisition of Basler Electric by Littelfuse
- Seller: Basler Electric Company
- Buyer: Littelfuse, Inc.
- Sell-side Investment Bank: GulfStar Group
- Sell-side Quality of Earnings Provider: Grant Thornton
- Buy-side Quality of Earnings Provider: Ernst & Young
- Seller Counsel: King & Spalding
- Buyer Counsel: Preti Flaherty
- Other Consultants: Lockton
Houston Investment Bank Deal of the Year
Private Equity Platform
The Acquisition of Hawk Line Construction by Lime Rock New Energy
- Seller: Hawk Line Construction
- Buyer: Lime Rock New Energy
- Sell-side Investment Bank: Piper Sandler Energy Group
- Buy-side Investment Bank: FMI Capital Advisors
- Sell-side Quality of Earnings Provider: Redpath
- Buy-side Quality of Earnings Provider: Grant Thornton
- Seller Counsel: Koley Jessen
- Buyer Counsel: Gibson Dunn
Houston Impact Deal of the Year
The Transaction (Diverstiture & Acquisition) of BWFS Industries by JHBDMB Holdings, Inc., Employee Stock Ownership Trust
- Seller: BWFS Industries
- Buyer: JHBDMB Holdings, Inc
- Sell-side Investment Bank: GulfStar Group
- Sell-side Quality of Earnings Provider: Withum
- Seller Counsel: Chamberlain Hrdlicka
- Buyer Counsel: Blank Rome
- Senior Debt: Prosperity Bank
- Junior Debt: Joe Butcher
- Other Consultants: Isaacks & Associates, LP, BVA Group, MKP-Price & Co., CPA
Distribution Deal of the Year + 2025 Deal of the Year
The Acquisition of MRC Global (US) Inc. by DNOW Inc.
- Seller: MRC Global (US) Inc.
- Buyer: DNOW Inc.
- Buyer Counsel: Haynes and Boone, LLP