Berry Corporation Announces Acquisition of Macpherson Energy Corporation
Vinson & Elkins advised Berry Corporation in the execution of a definitive agreement to acquire Macpherson Energy Corporation, a privately held Kern County, California operator, for $70 million in cash, subject to customary purchase price adjustments.
The transaction is structured such that $50 million will be paid at closing and the remainder paid in July 2024. This acquisition is expected to close in the third quarter of 2023, subject to customary terms and conditions.
The Vinson & Elkins team was led by partners John Grand and Abby Branigan, with assistance from senior associate John Sager and associates Mary Busse and Dean Dixon. Other key team members included partner Sarah Mitchell and associate Victoria Bahrami; counsel Elena Sauber; partners David Peck and Wendy Salinas and associate Jeff Slusher; partner Becky Baker and associate Ashley Plunk; partner Shane Tucker, counsel Missy Spohn and associate Cassie Zarate; and partner Matt Dobbins and associate Kelly Rondinelli.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.
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