RICHMOND, Va. – Troutman Pepper Locke client Old Point Financial Corporation, the parent company of The Old Point National Bank of Phoebus (OPNB), and Hampton Roads-based TowneBank recently entered a definitive agreement to merge. Under this agreement, TowneBank will acquire Old Point Financial Corporation, OPNB, and Old Point Trust & Financial Services (Old Point Wealth). For more information, see the press release.
The proposed transaction will enhance TowneBank’s position in the Hampton Roads MSA with the addition of Old Point’s high-quality core deposit franchise. Pro forma for TowneBank’s recently closed acquisition of Village Bank and Trust Financial Corp. and the proposed acquisition of Old Point Financial Corporation, the combined company would have total assets of $19.5 billion, loans of $13.1 billion, and deposits of $16.3 billion as of December 31, 2024.
Troutman Pepper Locke corporate attorneys Seth Winter, Greg Parisi, Adrianna ScheerCook, and Lele Meng; employee benefits and executive compensation attorneys David Kaplan and Emily Davidson; and tax attorney Mark Goldsmith served as legal counsel to Old Point Financial Corporation.
Consistently recognized as a top-tier national practice, Troutman Pepper Locke’s corporate attorneys regularly handle strategic deals for Fortune 100 corporations, and middle and lower middle market transactions for private equity clients. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling.
Troutman Pepper Locke’s Financial Services Group provides comprehensive support to all types of financial services businesses in today’s ever-changing environment. The team includes attorneys who regularly advise global, national, regional, and community banks, financial technology companies, payments companies, and a wide variety of other financial services businesses on the most crucial aspects of their business.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
SAN FRANCISCO – Troutman Pepper Locke advised HALO Dream, Inc. (HALO), a portfolio company of Transom Capital Group, in its credit facility financing for the acquisition of Baby Merlin, an iconic designer and manufacturer of baby sleepwear products known for its patented Magic Sleepsuit, a category-leading swaddle product used for sleep transitioning that is both trusted by parents and beloved by babies. For more information, see the press release.
The Troutman Pepper Locke team advising HALO included Bruce Steinert, Patrick Archambault, Matthew Divis, and Kim Petrolo.
Consistently recognized as a top-tier national practice, Troutman Pepper Locke’s corporate attorneys regularly handle middle and lower middle market transactions for private equity clients alongside strategic deals for Fortune 100 corporations. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling. The firm has a strong focus in the private equity and private fund services space, advising clients on matters including fund formation, growth equity investments, leveraged buyouts, recapitalizations, and exit transactions.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
PHILADELPHIA – Troutman Pepper Locke counseled Energage, the HR technology company behind the trusted Top Workplaces employer recognition program, in its acquisition of TalentQuest, a leader in personalized talent management solutions. For more information, see the press release.
The strategic combination creates an employee experience offering that connects engagement insights with personalized talent development tools, enabling organizations to attract, develop, and retain top-performing teams.
Troutman Pepper Locke attorneys Chris Miller, Brandon Raphael, Laura Kleinberg, and Matthew Ramsey served as legal counsel to Energage.
Consistently recognized as a top-tier national practice, Troutman Pepper Locke’s corporate attorneys regularly handle middle and lower middle market transactions for private equity clients alongside strategic deals for Fortune 100 corporations. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling. The firm has a strong focus in the private equity and private fund services space, advising clients on matters including fund formation, growth equity investments, leveraged buyouts, recapitalizations, and exit transactions.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
HOUSTON – Troutman Pepper Locke advised Risk Theory, LLC, an insurance holding company, in connection with the sale of its casualty-focused wholesale brokerage subsidiary, Risk Transfer Partners (RTP), to CRC Group, a leading independent wholesale specialty insurance distributor in North America. For more information, see the press release.
Founded in 2013 and based in Dallas, RTP has established a national platform with a proven track record of organic growth. The company’s focus on delivering tailored solutions and investing in its producer base aligns seamlessly with CRC’s mission to provide exceptional service and innovative insurance solutions.
The Troutman Pepper Locke team advising Risk Theory was led by Christopher Martin, Jason McCloskey, and Niha Ali. Additional support was provided by Mark Backofen, Nicole Davies, Alex Dillard, Lauren Doughty, Grace Elliott, Theresa Feliciano, Jon Gillum, Van Jolas, Andrew Nelson, John Nelson, Chelsea Overhuls, Ed Razim, Joyce Sanchez, and Buddy Sanders.
Troutman Pepper Locke’s Insurance Transactional and Regulatory Practice navigates the complex landscape of insurance laws, regulations, and corporate transactions. The team provides strategic counsel to insurance companies, reinsurers, brokers, and other industry stakeholders, ensuring compliance with regulatory frameworks while facilitating mergers, acquisitions, capital raising, restructurings, and innovative market entries. By combining deep experience with industry insights, Troutman Pepper Locke empowers clients to achieve their business objectives while mitigating risks in a highly regulated sector.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
Troutman Pepper Locke advised Havpak, a leading contract packaging and manufacturing company that produces a multitude of products primarily focused on the health care and beauty markets, in its sale to Mapaex Health and Personalcare, a third-generation family business that specializes in oral care, consumer products, health solutions, vitamins and supplements, and logistics. The acquisition of Havpak will provide Mapaex with its first significant investment in the U.S. and significantly bolster its Oral Care division. For more information, see the press release.
The team advising Havpak was led by Chris Miller, James Hipolit, Chelsea MacArthur, Emily Fahey, Bella Mandel, Saba Ashraf, Jessica Rothenberg, Deborah Enea, Paul Porretta, Stefanie Brennan, Jared Burns, Dave Wormser, Brent Hoard, and Todd Fracassi.
Health Care and Life Sciences
Troutman Pepper Locke’s leading Health Care and Life Sciences Practice encompasses the entire spectrum of health care and life sciences companies. The team collaborates across disciplines to solve complex legal challenges confronting clients, offering a full suite of corporate, intellectual property, regulatory, and litigation services. Few law firms have a comparable health care and life sciences practice, and Troutman Pepper Locke draws on its deep industry knowledge to provide the precise, holistic advice and guidance clients need throughout their business cycles.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
NEW YORK – Troutman Pepper Locke has earned a 2025 CX-cellence Award from Client Savvy for the Horizons Legal Operations Summit, highlighting the firm’s commitment to innovation, strategic thinking, and bold client experiences. The winners will be recognized at Client Savvy CXps 2025 June 12-13 in Puerto Rico.
The Summit is a client experience initiative bringing together legal operations leaders to safely discuss their challenges and best practices with industry peers in a confidential, structured space. It was created in response to feedback from key clients’ legal operations leaders expressing interest in networking with their peers, benchmarking their practices, and learning about successful strategies from other companies. The program has been pivotal in identifying key insights for enhancing client service, including the importance of acting as a strategic business partner to clients, responsiveness, budget transparency, and asking the right questions to better understand clients’ needs.
The Summit is spearheaded by Linda Sanders and Stephanie Simpson from the marketing, business development, and client experience department. They collaborate with colleagues across various departments, including innovation solutions, pricing, and intake and conflicts services, to develop and deliver meaningful and substantive content. The firm hosts the Summit three times a year with two in-person regional programs and one virtual program. Drawing from each key program in the firm’s client experience portfolio, including its Client Listening, Key Client, and Troutman Plus Programs, the Summit plays an integral role in Troutman Pepper Locke’s commitment to delivering value through client-centered innovation and excellence.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
LONDON – Troutman Pepper Locke has been recognized in the World Intellectual Property Review (WIPR) UK Trademark Rankings 2025, achieving recommended status in the contentious and non-contentious categories. In addition, London’s Giovanni Visintini elevated his ranking this year and was recognized as a highly recommended practitioner in the non-contentious category.
According to WIPR, the inaugural rankings detail law firms and lawyers at the forefront of their industry, navigating the impact of technological innovation on trademarks, the challenges of domestic and international protection, and the ever-demanding contest of representing clients in the courtroom. Rankings are based on a robust assessment of the UK intellectual property market that includes market analysis, reviews of submissions and interviews with firms, clients, and other leading individuals.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
New York – Daniel J. Valenti has joined Troutman Pepper Locke as a partner in the firm’s market-leading Real Estate Practice Group in New York. His addition further bolsters the firm’s robust commercial real estate transactional offerings in the Northeast and across the country.
Prior to joining Troutman Pepper Locke, Valenti served as a partner at Goulston & Storrs, where he was a former co-chair of the firm’s equity capital markets group. Boasting a comprehensive commercial real estate practice, he focuses on real estate joint ventures, mortgage and mezzanine financing, preferred equity arrangements, and acquisitions and dispositions.
“Daniel’s experience representing all positions in the capital stack presents a significant opportunity for expanding the firm’s capabilities in the real estate joint venture domain, an area in which the practice group continues to deepen its bench strength,” said Tai Tran, leader of Troutman Pepper Locke’s Real Estate Practice Group.
Valenti advises investors, sponsors, lenders, and borrowers, with clients ranging from institutional and publicly traded companies to closely held firms. By working across all levels of the capital structure and representing diverse client types, he possesses extensive market insight and can swiftly identify the motivations and needs of each party.
“We are thrilled to welcome Daniel to our New York office,” said Nicholas David, New York office managing partner and member of the firm’s Real Estate Department. “New York is a world-class market when it comes to real estate. Daniel’s extensive transactional experience will further strengthen our position as a leading firm in such a dynamic and competitive sector.”
“Joining Troutman Pepper Locke was an easy decision for me,” remarked Valenti. “The firm’s excellent reputation throughout the real estate industry and its well-regarded national platform were significant draws. I am excited to contribute to and grow within such a well-respected team.”
Troutman Pepper Locke’s national Real Estate Practice Group helps clients in their most complex real estate transactions. Clients include owners, developers, and financiers of some of the largest projects across the country in both the private and public sectors. The practice has been recognized by several leading industry authorities, including Chambers, Legal 500, and Best Law Firms®, among others.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
RICHMOND– Troutman Pepper Locke is proud to announce a partnership with Dominion Energy Services, Inc., and LEARN VA, LLC, to provide proactive pro bono representation for heirs’ property issues. The partnership highlights a shared commitment to enhancing access to preventative legal services for underserved populations, particularly in matters related to heirs’ property assistance as a means to advance environmental justice and community resilience.
Troutman Pepper Locke and Dominion Energy attorneys will team up to provide the pro bono legal representation, with a focus on title search analysis and transfer of ownership. LEARN VA will identify eligible individuals. The program seeks to stabilize property ownership and empower families, preventing costly partition disputes.
“This partnership represents a critical need to address systemic challenges in property ownership, while making a meaningful difference in the lives of families and communities,” said Karla Carter, senior counsel at Dominion Energy and founder of LEARN VA. “By combining the strengths of Troutman Pepper Locke, Dominion Energy, and LEARN VA, we are equipping families with the tools and support they need to secure their futures.”
The parties launched their collaboration to provide competent and practical legal assistance while fostering empowerment in communities across Virginia. The collaboration will begin with a pilot program focused on a limited number of matters to meet this legal need for low-income individuals while ensuring the sustainability of the partnership.
“As a firm, we are deeply committed to leveraging our robust pro bono practice to create access to justice in underserved communities,” said Brooks Smith, Richmond office managing partner at Troutman Pepper Locke. “This partnership embodies that commitment by tackling the complex legal challenges that prevent families from achieving stable property ownership, which can be detrimental to so many aspects of life.”
Carlos M. Brown, president, Dominion Energy Services, Inc., and executive vice president, chief legal officer, and corporate secretary at Dominion Energy, emphasized the importance of addressing heirs’ property matters as a component of environmental justice. “Respecting and acknowledging the history of property ownership in a particular community is a critical component to respecting and honoring the residents of a community. In a business like ours where everything that we do involves real estate partnering with the community to help ensure that property rights that were long and hard earned are protected is a great way for our company to demonstrate full engagement in alignment with our customers and stakeholders,” he said.
Each year, Troutman Pepper Locke attorneys dedicate thousands of pro bono hours in support of nonprofits, immigrants, military veterans, children, the wrongfully convicted, civil rights and social justice initiatives, and so many more. Learn more at troutman.com/pro-bono.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
About Dominion Energy
Dominion Energy (NYSE: D), headquartered in Richmond, Va., provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina. The company is one of the nation’s leading developers and operators of regulated offshore wind and solar power and the largest producer of carbon-free electricity in New England. The company’s mission is to provide the reliable, affordable, and increasingly clean energy that powers its customers every day. Please visit DominionEnergy.com to learn more.
HOUSTON – Troutman Pepper Locke advised Western Midstream Partners, LP (Western Midstream), a master limited partnership formed to develop, acquire, own, and operate midstream assets, in a new long-term produced-water agreement with Occidental Petroleum Corporation, an international energy company and one of the largest oil and gas producers in the U.S. Under the new agreement, Western Midstream will expand its existing produced-water gathering and disposal system to support continued customer development in the Delaware Basin over the coming years. The investments include corresponding minimum-volume commitments for gathering, transportation, and disposal. For more information, see the press release.
The team that represented Western Midstream included Terry Radney, Hunter Summerford, David Wilhelm, John Arnold, Pat Beaton, Marshall Moorhouse, Jeremy Petersen, and Case Towslee.
Troutman Pepper Locke’s market-leading energy practices help clients with their most important and complex matters throughout the U.S. and beyond. From electric power, oil and gas, or emerging technologies, the cross-discipline team is equipped to handle any related matters, drawing on the depth of the firm’s knowledge in the market. Troutman Pepper Locke regularly advises electric utilities, independent power producers, banks, upstream and midstream natural gas companies and service companies, private equity funds, and other large corporations. Learn more at energylawinsights.com.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.