LOTO Energy II, LLC Completes Merger to Take Western Metals Corporation Private

Metlen PLC Completes Voluntary Takeover of Metlen Energy & Metals S.A.

July 29, 2025

Energy

Metlen PLC announced the successful result of its voluntary takeover offer for Metlen Energy & Metals S.A., securing valid acceptances for approximately 90.16% of Metlen S.A.'s share capital. The offer was structured as an exchange of one new Metlen PLC share for each Metlen S.A. share and the acquirer expects Metlen PLC to begin trading on the London Stock Exchange and the Athens Exchange on August 4, 2025.

ITOCHU Metals Makes Minority Growth Investment in PNW Metal Recycling

June 30, 2023

Industrial Services

PNW Metal Recycling, a Clackamas, Oregon-based ferrous and non‑ferrous metal recycler, received a minority growth investment from ITOCHU Metals Corporation (a subsidiary of ITOCHU Corporation). The transaction closed on June 30, 2023, with GulfStar Group serving as exclusive financial advisor to PNW to support the company’s growth plan and strategic partnership with IMC.

Western Midstream Acquires Meritage Midstream for $885M

September 5, 2023

Energy

Western Midstream Partners, LP agreed to acquire Meritage Midstream Services II, LLC in an all-cash transaction for $885 million to expand its Powder River Basin footprint. The deal adds ~1,500 miles of gathering pipelines, ~380 MMcf/d processing capacity and the Thunder Creek NGL pipeline; closing was expected in Q4 2023 subject to customary approvals.

PDC Energy Acquires Great Western Petroleum, LLC

May 6, 2022

Energy

PDC Energy, Inc. completed the acquisition of privately held Great Western Petroleum, LLC, a Denver-based oil and gas producer. The deal included $543 million in cash consideration (less $50 million previously escrowed), approximately 4 million shares of PDC common stock, and PDC paid off Great Western’s secured credit facility and senior secured notes; PDC said the acquisition is accretive to its operating, ESG and financial metrics.

American Superconductor (AMSC) Acquires NWL, Inc. (Megatran Industries)

August 5, 2024

Manufacturing

AMSC (American Superconductor) has acquired Megatran Industries d/b/a NWL, a New Jersey-based manufacturer of transformers, inductors and power supplies, in a transaction with total consideration of approximately $62 million (cash plus stock and contingent payment). The deal expands AMSC's product offerings and military/industrial market footprint and is expected to be accretive to earnings as AMSC integrates NWL's capabilities and customer channels.

Energy Transfer Acquires Lotus Midstream for $1.45 Billion

March 27, 2023

Energy

Energy Transfer LP agreed to acquire Lotus Midstream Operations, LLC (owner of the Centurion Pipeline system) for approximately $1.45 billion from an affiliate of EnCap Flatrock Midstream. Consideration includes $900 million cash and ~44.5 million newly issued Energy Transfer common units; the deal expands Energy Transfer's Permian Basin crude pipeline and storage footprint and is expected to close in Q2 2023 subject to regulatory approvals.