Journey Financial Group, Inc. to Acquire Lone Star Bank

Waste Connections Acquires Lone Star Disposal from J.F. Lehman & Company

August 15, 2022

Environmental Services

Waste Connections, Inc. has acquired Lone Star Disposal from investment affiliates of J.F. Lehman & Company. Lone Star is a vertically integrated provider of C&D and municipal solid waste disposal and related environmental services in the Houston, Texas market; terms were not disclosed.

Lone Star Funds Acquires SPX FLOW (SPX FLOW acquisition)

April 5, 2022

Industrial Services

SPX FLOW agreed to be acquired by an affiliate of Lone Star Funds in an all-cash transaction valued at $3.8 billion (including assumed debt). The deal successfully closed in April 2022, and SPX FLOW became privately held with its NYSE listing discontinued.

SouthState Corporation Acquires Independent Bank Group, Inc.

May 20, 2024

Financial Services

SouthState Corporation agreed to acquire McKinney, Texas–based Independent Bank Group, Inc. in an all-stock transaction valued at approximately $2.0 billion (0.60 shares of SouthState per share of Independent Bank Group). The deal, announced May 20, 2024, creates a roughly $65 billion regional bank with expanded presence in the Southeast, Texas and a new footprint in Colorado; the merger closed on January 1, 2025.

Hightower Advisors to Acquire Journey Strategic Wealth

March 5, 2026

Financial Services

Hightower Advisors has agreed to acquire Journey Strategic Wealth in a deal that will add about $5 billion in assets under management to its Hightower Signature Wealth platform. The transaction is expected to expand Hightower Signature Wealth’s national footprint and capabilities for advisors and clients, with Penny Phillips taking an expanded leadership role after closing.

FirstSun Capital Bancorp Acquires Pioneer Bancshares, Inc.

April 1, 2022

Financial Services

FirstSun Capital Bancorp completed its merger with Texas-based Pioneer Bancshares, Inc., effective April 1, 2022. Pioneer's subsidiary Pioneer Bank, SSB was merged into Sunflower Bank, expanding FirstSun/Sunflower's branch footprint in Texas and increasing the combined company’s assets to over $7.3 billion pro forma.

Seacoast Capital Invests $20M in Lone Star Overnight

December 1, 2021

Logistics & Distribution

Seacoast Capital provided $20 million of subordinated debt and preferred equity to Lone Star Overnight (LSO) in a non-control growth capital investment to buy out a minority shareholder, refinance part of existing debt, and support near-term growth. LSO is a regional parcel delivery provider headquartered in Austin, Texas with a multi-state network of operating locations serving both B2B and B2C customers.