O’Melveny Worldwide

Austin Elder represents private equity sponsors, their portfolio companies, family offices and family-owned businesses, institutional investors, public and private companies, high net worth individuals and other clients in complex business transactions.

Austin’s practice encompasses mergers and acquisitions, divestitures, carve-outs, joint ventures, investments (controlling and minority), corporate restructurings, governance matters, and general corporate counseling.

  • INEOS on its acquisition of Eastman Chemical Company’ Texas City Site for approximately US$500 million
  • INEOS on its acquisition of LyondellBasell’s Ethylene Oxide and Derivatives Business and Production Facility at Bayport Texas for US$700 million
  • PW Consortium, a private consortium of family offices and financial institutions, on its merger agreement with PureWest Energy, LLC, a leading Rocky Mountain independent natural gas producer, for US$1.84 billion
  • PowerSchool, a private equity backed provider of cloud-based software for K-12 education in North America, on its acquisitions of (i) SchoolMessenger, a provider of K-12 communication tools, for US$300 million, (ii) Allovue, a provider of K-12 financial planning, budgeting, and analytics software, and (iii) Headed2, a career and military readiness platform
  • DECA Dental CEO and Founder Dr. Sulman Ahmed in a strategic investment in DECA Dental from funds managed by Blackstone Tactical Opportunities
  • Ashford Inc. in its acquisition of Chesapeake Hospitality
  • UK private equity firm in its investment in a lithium extraction company
  • Family office in connection with the formation of and investment in an oil and gas investment company
  • Multiple family offices in acquisition, divesture and joint venture transactions as well as structuring matters
  • Multiple clients in the formation of real estate (including retail, residential development and hotel) joint ventures
  • Independent oil and natural gas company in its divestiture of water midstream assets
  • Amplifi in its acquisition of Comma Group
  • Amplifi in an investment from Source Capital
  • Point of Rental in an investment from Susquehanna Growth Equity
  • Formulife in an investment from Satori Capital
  • Private equity firm Evolve Capital, LLC in the sale of Doctor’s Choice Holdings, LLC
  • Trive Capital Partners in the formation of NuBridge Commercial Lending, a real estate platform focused on making first-lien, short-term bridge loans for commercial and multifamily properties across the United States
  • Macquarie Infrastructure and Real Assets in its purchase of Wheelabrator Technologies, a leading owner and operator of waste-to-energy facilities, from ECP
  • TPG in its preferred equity investment of up to US$140 million to fund capital contributions to Double E Pipeline LLC, a joint venture between Summit Midstream Partners LP and Exxon Mobil Corporation, to construct a FERC-regulated interstate natural gas pipeline in the Delaware Basin
  • TPG Growth in the US$1.2 billion sale of Discovery Midstream to KKR and Williams
  • Discovery Midstream II in its US$1+ billion partnership with Stonepeak Infrastructure Partners to pursue midstream opportunities
  • LM Energy in its partnership with Old Ironsides Energy to pursue midstream development and acquisition opportunities
  • LM Energy, a portfolio company of Old Ironsides Energy, in its producer partnership joint venture to construct and develop a crude oil and gas gathering system in the Delaware Basin, together with related commercial agreements and dedications
  • HPS Investment Partners LLC in its US$32.96 million acquisition of Echo Energy Partners I LLC’s assets out of bankruptcy
  • Mission Coal Company, LLC and its affiliates in their restructuring, including a successful sale process for three of its metallurgical coal mines located in West Virginia and Alabama out of Chapter 11.
  • WPX Energy, Inc. in its US$500 million joint venture with an undisclosed private equity sponsor to acquire minerals in the Permian Basin
  • WPX Energy, Inc. in its up to US$300 million joint venture with an undisclosed private equity sponsor to fund drilling and completion-related capital expenditures with respect to non-operated properties in the Permian Basin
  • Oncor Electric Delivery Company in its US$2.2 billion acquisition of InfraREIT
  • Oncor Electric Delivery Company in its exchange of approximately 258 miles of 345 kV CREZ power transmission lines with Sharyland Distribution & Transmission Services, L.L.C. and Sharyland Utilities, L.P. for Sharyland’s South and West Texas power distribution network and retail delivery customers, and related transactions approved by the Public Utility Commission of Texas
  • EQT Infrastructure in the sale of Tampnet AS to 3i Infrastructure plc, a listed long-term investor in infrastructure businesses and assets, and ATP, Denmark’s largest pension provider
  • Azure Midstream Partners in the US$189 million Section 363 sale of its East Texas and Northern Louisiana midstream business and assets to BTA Gathering and certain preferential right midstream assets to BP America Production Company
  • Clearlake Capital Group, L.P., in the formation of Gravity Oilfield Services Inc., f/k/a GlobeLTR Energy Inc., with the merger of two established oilfield services providers in the Permian Basin, Globe Energy Services, LLC and Light Tower Rentals, Inc.
  • Norwegian Cruise Line in its US$2.4 billion transaction involving four different capital markets products, the first-ever four-tranched marketed financing
  • Daseke, Inc. in its acquisition of Aveda Transportation and Energy Services, one of the largest oil rig moving companies in North America
  • Daseke, Inc. in its US$626 million merger with Hennessy Capital Acquisition Corp. II, a SPAC, in an all-stock transaction
  • Daseke, Inc. in its combined US$164 million public offerings of common stock
  • Discovery Americas LLC in its exit from its private equity investment in publicly-held ADSs in Volaris, the Mexican ultra low-cost airline, through secondary offerings and share distributions to limited partners, and in other private equity-related matters
  • Verdad Oil & Gas Corporation in its formation of Verdad Resources Holdings LLC in partnership with funds managed by Ares Management, L.P
  • Mewbourne Energy Partners in its combined US$500+ million private placements of partnership interests

**Certain representations prior to joining O’Melveny.

Admissions

Bar Admissions

  • Texas

Court Admissions

  • US District Court for the Northern, Eastern, and Southern Districts of Texas

Education

  • Washington University School of Law, J.D.: magna cum laude; Order of the Coif; Notes Editor, Washington University Law Review
  • Vanderbilt University, B.S., Human & Organizational Development and Political Science: magna cum laude

Honors & Awards

  • Recognized by Best Lawyers in America “Ones to Watch” list for Corporate Law in Dallas, TX (2023-2025)