David S. Peck
Trammell Crow Center
2001 Ross Avenue
Suite 3900
Dallas, Texas 75201
David Peck serves as head of V&E’s Tax & Executive Compensation & Benefits Department. He has more than 20 years’ experience advising companies on tax planning and structuring related to complicated transactions, leveraging his deep understanding of tax law to develop smart strategies to save his clients tax dollars.
David works frequently with private equity clients, guiding them on the tax aspects of domestic and off-shore fund formations and investment partnerships, as well as other transactions. His practice also includes a focus on mergers and acquisitions, including recapitalization, buyouts and joint venture transactions. He has advised on numerous acquisitions, dispositions and joint ventures for public and private companies, private equity firms and hedge funds. In addition, David has significant experience in capital markets, including public offerings and other financings, and in restructurings, workouts and bankruptcies.
While tax rules are infamously complex, David is known for effectively distilling and communicating complicated concepts to his clients, empowering them to make better decisions for their companies. His work has been recognized by numerous publications and clients, where one client notes “His profound understanding of tax matters coupled with his engaging demeanor consistently reassures me of the advantage of having him on our team.” (Chambers USA 2024).
Experience Highlights
Affiliates of Global Infrastructure Partners in the acquisition of a 50 percent interest in the multi-billion dollar South Fork and Revolution Offshore Wind Projects off the East coast of the United States from Eversource Energy, including the negotiation of the joint venture arrangements with Orsted for the construction and operation of the projects and all financing arrangements
A US private equity sponsor on its €3.17 billion carve-out acquisition of a global construction chemicals business from a German public company
A global investment firm with respect to tax issues arising from its investment in insurance subrogation claims against Pacific Gas & Electric relating to losses suffered by victims of the Northern California wildfires
Caelus Alaska Exploration Company in the sale of 124 exploration leases (for a total of approximately 350,000 acres) onshore in the Eastern North Slope of Alaska to Eni Petroleum US
Caprock Midstream Holdings in its $950 million sale to EagleClaw Midstream
Spartan Energy Acquisition Corp., a SPAC, in its $552 million initial public offering of common units
Deep Gulf Energy Companies, a deepwater oil and gas exploration and development business operating in the Gulf of Mexico and a portfolio company of First Reserve, in its $1.225 billion sale to Kosmos Energy
RSP Permian in its $9.5 billion sale to Concho Resources, creating the largest unconventional shale producer in the Permian Basin
Daseke, the leading consolidator and largest flatbed and specialized transportation company in North America, in the addition of three top-tier flatbed and specialized carriers to Daseke’s corporate family: Tennessee Steel Haulers & Co., The Roadmaster Group, and Moore Freight Service
Canadian Pension Plan Investment Board in its $1 billion equity commitment to Encino Acquisition Partners, a company focused on U.S. oil and gas acquisition opportunities
Double Eagle Energy Permian in its $2.8 billion sale of certain undeveloped acreage and producing oil and gas properties in the core of the Midland Basin to Parsley Energy
RSP Permian in the $2.4 billion acquisition of Silver Hill Energy Partners and Silver Hill E&P II
Brigham Resources in the $2.55 billion cash and stock sale of all of its leasehold interests and related assets to Diamondback Energy
Zenta, Inc. in the sale of the residential and commercial mortgage processing services company to Accenture, a global management consulting, technology, and outsourcing company
Southwest Airlines in its $3.4 billion acquisition of AirTran Holdings
Riverstone Holdings in the $1.275 billion sale of Dynamic Offshore Resources to SandRidge Energy
Rockpile Energy Holdings, a portfolio company of White Deer Energy, in the $284.5 million sale of RockPile Energy Services to Keane Group
Purvin & Gertz, an energy consulting company in its $32.2 million sale to IHS Inc., a publicly traded research and consulting services company with a multibillion dollar market capitalization
A private equity fund in connection with the tax structuring of the acquisition of a $9.3 billion home lending business, acquisition of $30.6 billion face amount of collateralized debt obligations, and acquisition of $220 million face amount of residential mortgage loans
A U.S. energy company in its acquisitions and dispositions, including the $2.1 billion cash-and-stock acquisition of a publicly traded U.S. E&P company
A health care company in an exchange offer, tax-free spin-off, disposition, and refinancing as part of a $2.0 billion restructuring, which included obtaining a private letter ruling from the IRS
A leading information technology company in $2.0 billion sale of a software subsidiary that develops and sells product design, engineering, and life cycle management solutions
A Fortune 50 company in the acquisition of a high-end gaming computer manufacturer
An NYSE-listed energy company in a $1.5 billion acquisition of oil and gas properties
A regional Bell operating company in the acquisition of an applications management company for $295 million
A private equity fund in the $343 acquisition of an asphalt terminal and storage company
A software technology company in connection with a $40 million investment by a venture capital fund in Series A preferred financing
A private equity sponsor in connection with the formation of an $8.5 billion private equity fund specializing in distressed debt investments and a $3.0 billion private equity fund specializing in real estate investments
A private equity sponsor in connection with the formation of an $8.5 billion private equity fund specializing in energy-related investments
A private equity sponsor in connection with the formation of a $650 million private equity fund specializing in energy-related investments
A private equity sponsor in connection with the formation of a $350 million private equity fund specializing in energy-related investments
Unit Corporation, a diversified, publicly-traded energy company engaged in oil and natural gas exploration and production, contract drilling, and midstream services, and its affiliates in connection with its prearranged chapter 11 bankruptcy cases involving the exchange of debt for debt, conversion of debt to equity, and preservation of net operating losses
Ad hoc group of lenders holding approximately $175 million in senior secured term debt in the prepackaged chapter 11 bankruptcy cases of Pioneer Energy Services Inc. involving a convertible note with a bond hedge and a capital call
A public producer of nitrogen, phosphorus, potassium, and other chemical products in Chapter 11 bankruptcy
Creditors in connection with the bankruptcy of a worldwide provider of complex multilayer printed circuit boards and electromechanical solutions
Note holders in connection with the bankruptcy of the largest independent advertising sales and marketing company in the United States
Buyers and sellers in Section 363 asset sales in high-tech, manufacturing, distribution, and service sectors
Debtors in a Chapter 11 cases that distributed office supplies and tape products worldwide: representation included the sale of substantially all of the debtors’ assets and the confirmation of a consensual plan
The owner of more than 81 convenience stores in Chapter 11 reorganization
EnCap Investments in the formation of EnCap Energy Transition Fund I with total commitments of approximately $1.2 billion
The Carlyle Group in a USD $374 million investment in Amp Solar Group, a global energy transition platform, to support the growth of both Amp’s asset base and Amp X, a proprietary digital energy platform, within its core markets of North America, Japan, Australia, Iberia and the UK
Southwest Airlines in its Series A investment in SAFFiRE Renewables, a company that facilitates development activities for the production of renewable ethanol that can ultimately be upgraded into sustainable aviation fuel
Goldman Sachs, alongside Cleanhill Partners, in its strategic acquisition of a majority interest in and comprehensive recapitalization of EPC Power Corp., a leading North American supplier of high-performance, utility-scale, smart inverters
Apollo Global Management in the formation of a joint venture with Altius Minerals Corporation’s subsidiary, Altius Renewable Royalties (“Altius”), to accelerate the growth of Great Bay Renewables, the US-based operating subsidiary of Altius and a leading provider of renewable energy development capital in North America
Switchback II Corporation, a SPAC sponsored by an affiliate of NGP Energy Capital Management, in its $2.3 billion business combination with Bird Rides, a leader in shared short range environmentally friendly electric transportation
Goldman Sachs in its investment in LRS, an independent recycling and waste diversion services provider
Decarbonization Plus Acquisition Corporation, a SPAC sponsored by an affiliate of Riverstone Holdings, in its $2.1 billion business combination with Hyzon Motors, a global supplier of zero-emissions hydrogen fuel cell powered commercial vehicles
EVgo Services, a portfolio company of LS Power and an electric vehicle public fast charging network, in its $2.6 billion business combination with Climate Change Crisis Real Impact I Acquisition Corporation, a SPAC
MN8 Energy, Inc. in its initial public offering of common stock (In Registration)
City Electric Supply Company in its acquisition of Soligent, the largest pure-play solar distributor in North America
Riverstone Holdings in the $9.5 billion formation of Talen Energy Corporation, one of the largest independent power producers in the U.S., through a Reverse Morris Trust spin-off of PPL Corporation’s merchant power generation business and the concurrent combination thereof with Riverstone’s merchant power generation business and associated debt financings
Spartan Energy Acquisition Corp. in its $1.75 billion business combination with Fisker Inc., a developer of eco-friendly electric vehicles
Credentials
- University of Texas School of Law, J.D. with highest honors, 1998 (Chancellors, Clerk; Order of the Coif; Texas Law Review)
- University of Texas Graduate School of Business, M.P.A., 1995 (Dean’s Award)
- University of Texas, B.B.A., Accounting with high honors, 1995
- Chambers USA, Tax (Texas), 2016–2024
- Selected to the Texas Super Lawyers list, Super Lawyers (Thomson Reuters), 2013–2020
- The Best Lawyers in America© (BL Rankings, LLC), (Dallas): Tax Law, 2015–2025; Energy Law, 2009–2011, 2016–2025
- The Best Lawyers in America© (BL Rankings, LLC), “Lawyer of the Year” Energy Law (Dallas/Fort Worth), 2021 and 2024
- International Tax Review: World Tax Review, Leading Lawyer list, 2022 and 2024
- Recognized by International Tax Review as lead lawyer for European Tax Awards “Deal of the Year,” 2017
- D Magazine, “Best Lawyers in Dallas,” 2017
- Legal 500 U.S., Tax: Domestic Tax: Central, 2013; Tax: International Tax, 2012, 2017–2024; Tax: U.S. Taxes: Non-Contentious, 2018–2024; Labor & Employment: Employee Benefits, Executive Compensation & Retirement Plans (Transactional), 2024
- Latin Lawyer 250, 2018 and 2020
- Selected to the Texas Rising Stars list, Super Lawyers (Thomson Reuters), 2004–2012
- Member: Tax Section, American Bar Association; Tax Section, State Bar of Texas; Tax Section, Dallas Bar Association
- Texas
- InsightNovember 14, 2024
V&E Tax Update
- InsightNovember 5, 2024
V&E Tax Update
- Deals & CasesOctober 29, 2024
- InsightOctober 23, 2024
V&E Tax Update
- Deals & CasesOctober 23, 2024
- Deals & CasesOctober 21, 2024
- Deals & CasesOctober 16, 2024
- InsightOctober 8, 2024
V&E Tax Update
- Deals & CasesOctober 1, 2024
- InsightSeptember 19, 2024
V&E Tax Update
- Deals & CasesSeptember 12, 2024
- Deals & CasesAugust 21, 2024
- Deals & CasesJune 21, 2024
- Rankings & AwardsJune 12, 2024
- Rankings & AwardsJune 6, 2024
- Deals & CasesMay 9, 2024
- Event RecapMay 8, 2024
- Deals & CasesMarch 29, 2024
- Deals & CasesMarch 13, 2024
- InsightMarch 11, 2024
- Deals & CasesFebruary 28, 2024
- Deals & CasesFebruary 27, 2024
- Deals & CasesFebruary 22, 2024
- Rankings & AwardsJanuary 31, 2024
- InsightOctober 9, 2023
V&E Tax Update
- Deals & CasesOctober 2, 2023
- Deals & CasesSeptember 14, 2023
- Deals & CasesSeptember 5, 2023
- Rankings & AwardsAugust 28, 2023
- Rankings & AwardsAugust 21, 2023
- Deals & CasesAugust 7, 2023
- Deals & CasesJuly 28, 2023
- Deals & CasesJuly 18, 2023
- Deals & CasesJuly 13, 2023
- InsightJune 22, 2023
V&E Tax Update
- Deals & CasesJune 21, 2023
- Rankings & AwardsJune 12, 2023
- Rankings & AwardsJune 1, 2023
- Deals & CasesMay 19, 2023
- Deals & CasesMarch 27, 2023
- Deals & CasesMarch 9, 2023
- Deals & CasesFebruary 28, 2023
- Deals & CasesFebruary 27, 2023
- Deals & CasesFebruary 14, 2023
- Deals & CasesFebruary 7, 2023
- Deals & CasesFebruary 2, 2023
- Deals & CasesJanuary 3, 2023
- Deals & CasesDecember 22, 2022
- Deals & CasesNovember 4, 2022
- Deals & CasesOctober 21, 2022
- Deals & CasesOctober 17, 2022
- Deals & CasesSeptember 22, 2022
- Deals & CasesSeptember 20, 2022
- Deals & CasesSeptember 15, 2022
- Deals & CasesSeptember 6, 2022
- InsightAugust 23, 2022
V&E Tax Update
- InsightAugust 22, 2022
V&E Tax Update
- Rankings & AwardsAugust 18, 2022
- Deals & CasesAugust 4, 2022
- Deals & CasesAugust 1, 2022
- Rankings & AwardsJune 16, 2022
- Deals & CasesJune 1, 2022
- Rankings & AwardsJune 1, 2022
- Rankings & AwardsMarch 18, 2022
- Deals & CasesMarch 9, 2022
- Deals & CasesJanuary 18, 2022
- Deals & CasesSeptember 15, 2021
- Deals & CasesAugust 10, 2021
- Deals & CasesJuly 28, 2021
- Deals & CasesMay 4, 2021
- Deals & CasesApril 20, 2021
- Deals & CasesApril 1, 2021
- Deals & CasesJanuary 22, 2021
- Deals & CasesJanuary 6, 2021
- “Tax Considerations of Representations & Warranties Insurance Policies,” Dallas Bar Association Tax Section CLE, February 7, 2022 (co-speaker)
- “International Tax Reform: What You Should Know About GILTI and BEAT,” Annual In-House Symposium 2018, April 27, 2018 (speaker)
- “An Update on Tax Reform and Its Implications in 2018,” Energy Series, V&E Houston Office, February 13, 2018 (speaker)
- “New Proposed Regulations for BBA Partnership Audits Allow for Push Out Elections in Tiered Partnerships,” V&E Tax Update E-communication, December 19, 2017 (co-author)
- “Implications of the Tax Cuts and Jobs Act for Domestic Businesses,” Tax Reform Webcast, December 19, 2017 (speaker)
- “Implications of the Tax Reform Bill for Private Equity,” Tax Reform Webcast & Teleconference, November 6, 2017 (speaker)
- “Tax Reform Advances: White House and Congressional Republican Leaders Release Unified Framework,” V&E Tax Update E-communication, October 3, 2017 (co-author)
- “The New Era of Partnerships As Taxpayers,” American Investment Council, September 28, 2017, (co-author)
- “IRS Issues Guidance on Elective Cash Stock Dividends by REITs,” V&E REIT Update E-communication, August 16, 2017 (co-author)
- “A Greek Company Mines for Magnesite and Strikes Gold for Inbound Investors,” V&E Tax Update E-communication, July 17, 2017 (co-author)
- “New Disguised Sale Guidance Presents Major Change for Partnership Transactions,” V&E Tax Update E-communication, October 4, 2016 (co-author)
- “Dramatic Changes to Partnership Audit Rules and Their Implications for Existing Partnerships,” V&E Tax Update E-communication, November 5, 2015 (co-author)
- “Comments on Proposed Regulations Regarding Disguised Sales and the Allocation of Liabilities,” The Texas Tax Lawyer Newsletter, Vol.42, No. 1, Fall 2014 issue (co-author)
- “Trends in Energy Transactions,” V&E Client Presentation, Houston, Texas, November 7, 2013
- “Section 336(e): A More Flexible Method to Effect Deemed Asset Sales,” The Texas Tax Lawyer Newsletter, Vol.41, No. 1, Fall 2013 issue (co-author)
- “Introduction to Energy Finance,” V&E and Tudor, Pickering, Holt & Co. Presentation, Midland, Texas, May 6, 2013
- “Fueling Returns: Issues in the Formation and Operation of Energy Funds,” V&E Presentation, New York, New York, January 29, 2013
- “Recent Developments in Private Equity Investment Structures: Upstream, Midstream and Downstream,” V&E Energy Finance Series Presentation, Houston, Texas, January 15, 2013
- “How to Structure An Asset Sale As A Stock Sale For Tax Purposes,” The Texas Tax Lawyer Newsletter, Vol.40, No. 1, Fall 2012 issue (co-author)