Journey Financial Group 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.

Hightower Advisors Agrees to Acquire Journey Strategic Wealth

March 5, 2026

Financial Services

Hightower Advisors entered into an agreement to acquire Journey Strategic Wealth, adding about $5 billion in assets under management to its Hightower Signature Wealth (HTSW) platform. The transaction is expected to close at the end of the month/first quarter, expanding HTSW’s national footprint and capabilities for both clients and advisors.

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.

Prosperity Bancshares Acquires Southwest Bancshares and Texas Partners Bank

February 1, 2026

Financial Services

Prosperity Bancshares, Inc., the parent company of Prosperity Bank, signed a definitive agreement to acquire Southwest Bancshares, Inc., the parent holding company of Texas Partners Bank. The merger was completed on February 1, 2026, with Texas Partners Bank also merging into Prosperity Bank and continuing under the Texas Partners Bank name until operational integration in November 2026.

Lone Star Funds Acquires Alliance Ground International

January 22, 2026

Transportation

Lone Star Funds, through an affiliate of Lone Star Fund XII, has entered into a definitive agreement to acquire Alliance Ground International (AGI) from Greenbriar Equity Group and Audax Private Equity. AGI is a North American airport services provider operating across more than 60 airports and employing over 12,000 professionals.