HOUSTON – Cactus Inc.’s $621 million acquisition of FlexSteel Technologies Holdings, Inc. has been named the M&A Transaction of the Year at the 2023 Houston Corporate Counsel Awards. Bracewell LLP advised Cactus on the deal, the largest ever in the company’s 50-year history. The transformative deal, which closed on February 28, allows Cactus to expand its relationships with its existing customers by providing another highly marketable product line.
Jason M. Jean led the Bracewell team that advised Cactus on the transaction, which closed on February 28. The members of the team included Matthew B. Grunert, Robert S. Nichols, Constance Gall Rhebergen, Tony L. Visage, Timothy A. Wilkins, Vince E. Morgan, Tamara L. McKinzie, W. Jared Berg, Janie O. Callaway, Katie J. Jones, Gabbie Hindera, Madeline Fogel, Jay Harper, Caroline Melo and Meredith Grant.
The annual Houston Corporate Counsel Awards – sponsored by The Texas Lawbook and the Houston Chapter of the Association of Corporate Counsel – recognize the exceptional legal work and business leadership demonstrated by in-house lawyers of corporations in the Houston region.