Jackson Walker served as legal counsel to Wincoram Asset Management, LLC in the acquisition of PureWest Energy, LLC (“PureWest”) by a private consortium of family offices and financial institutions (“PW Consortium”). On May 31, 2023, PureWest, a leading Rocky Mountain independent natural gas producer, completed an all-cash merger with a newly formed entity sponsored by PW Consortium for a total consideration of $1.84 billion.
Following the closing of the transaction, PureWest’s existing management and employees will remain in-place, a new Board of Directors will be formed composed of representatives from PW Consortium and the entity will remain branded as PureWest Energy, LLC.
Members of PW Consortium include A.G. Hill Partners LLC, Cain Capital L.L.C., Eaglebine Capital Partners, LP, Fortress Investment Group, HF Capital, LLC, Petro-Hunt LLC and Wincoram Asset Management. Wincoram Asset Management provides innovative capital solutions to the energy industry and was instrumental in leading the PureWest transaction.
For more information about the transaction, view the announcement “Family Office-Led Private Consortium Acquires PureWest.” For media coverage on the transaction, view Hart Energy’s “Rockies Gas Producer PureWest Acquired for $1.84 Billion.”
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Jackson Walker has been the counsel of choice on complex matters involving the energy and natural resources industry for over a century. Our Energy attorneys have the skills and experience to provide high levels of service to our energy clients in a broad range of diverse specialties, including acquisitions and dispositions, administrative and regulatory, commodities and derivatives, electricity, finance, intellectual property, litigation, tax, workouts and reorganizations, and many other practice areas. We have represented clients before the United States Supreme Court and other federal and state courts, the EPA, TCEQ, the Texas Railroad Commission, and the Texas Legislature, among others. To explore our related experience, visit the Energy practice page.