Troutman Pepper Locke Continues ACG Houston Deal of the Year Award Streak With Energy and Oilfield Services Recognition

HOUSTON – Troutman Pepper Locke received the Association for Corporate Growth (ACG) Houston’s Energy & Oilfield Services Deal of the Year Award for its role in representing Adams Resources & Energy, Inc. (Adams) in its acquisition by Tres Energy, LLC. This honor follows back-to-back ACG Houston E&P Upstream Deal of the Year awards, underscoring the firm’s sustained record of energy sector deal excellence.

Troutman Pepper Locke served as deal counsel to Adams, a company engaged in crude oil marketing, transportation, terminalling and storage, tank truck transportation of liquid chemicals and dry bulk, and the recycling and repurposing of off-spec fuels, lubricants, crude oil, and other chemicals. Under the terms of the transaction, Adams stockholders received $38 in cash per share of Adams common stock held at closing. Following the closing, Adams’ shares were delisted from the NYSE American, and the company became privately held.

The Troutman Pepper Locke team that advised Adams was led by Gene McDermott, Jon Daly, Niha Ali, Elizabeth Corey, Gerry Pels, Mackenzie Purvis, Brett Miller, Alex Dillard, Ed Razim, Grace Elliott, and Lori Basilico.

ACG Houston announced the Deal of the Year winners at its ninth annual awards ceremony on Wednesday, April 22, at the Houston Country Club. The 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.

Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys regularly handle strategic deals for Fortune 100 corporations and 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.

About 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.