Stephen M. Jacobson, P.C.
Overview
Stephen Jacobson is an executive compensation partner in the Houston office of Kirkland & Ellis LLP. He advises public and private companies, private equity firms and their portfolio companies on a wide range of employment, executive compensation and employee benefit matters, including in connection with mergers, acquisitions, sales, private equity investments, initial public offerings and restructurings.
Stephen regularly advises clients on structuring and implementing equity and cash-based incentive plans as well as the applicable tax, securities law, corporate governance and disclosure implications of those arrangements.
Stephen also represents clients in negotiating employment, separation and incentive agreements.
In the most recent edition of Chambers USA, he was lauded by clients as possessing “a great business mind,” being “informed on current industry trends” and providing “invaluable guidance.” Another client cited Stephen as someone who is “very practical and can deal with sticky issues.”
Experience
Representative Matters
Mergers & Acquisitions
- Trinity Hunt Partners in its strategic investment in the advisory business of MarksNelson, an accounting, tax and advisory firm
- Atlas Technical Consultants, Inc. (NASDAQ: ATCX), a leading provider of infrastructure and environmental solutions, in its acquisition by funds managed by GI Partners in an all-cash transaction valued at approximately $1.05 billion
- Ping Identity in its $2.8 billion sale to Thoma Bravo
- Datto in its $6.2 billion sale to Kaseya
- Special Committee of ProFrac Holding Corp.’s Board of Directors in the all-stock acquisition of U.S. Well Services, Inc.
- Allegion plc in the $900 million acquisition of Stanley Access Technologies, a carveout divestiture from Stanley Black & Decker
- Owens & Minor, Inc. in its $1.6 billion acquisition of Apria, Inc.
- Alamo Frac Holdings and Alamo Pressure Pumping on the carveout sale of their pressure pumping business to NexTier Oilfield Solutions, Inc.
- Oak Street Health in its acquisition of RubiconMD
- Special Committee of the Board of Directors of State Auto Financial Corporation in the sale of State Auto Financial and State Automobile Mutual Insurance Company to Liberty Mutual, valuing STFC at approximately $2.3 billion
- Penn Virginia Corp. in its $370 million merger with Lonestar Resources US Inc.
- Extraction Oil & Gas, Inc. in Civitas Resources, Inc.’s $4.5 billion acquisition of Crestone Peak Resources
- Indigo Natural Resources LLC in its $2.7 billion merger with Southwestern Energy Company
- Penn Virginia Corporation in Juniper Capital Advisors, L.P.’s $188 million strategic investment in the company
- LyondellBasell on its joint venture with Sasol
- ChampionX Corporation in the executive compensation and employee benefit aspects of the merger of its subsidiary with the upstream energy business of Ecolab Inc. in a transaction valued at $4.4 billion
Private Equity Transactions
- Tailwater Capital in its equity commitment to form Renovo Resources
- Kimmeridge in its $200 million investment in Chestnut Carbon LLC
- Greenbelt Capital Partners in an investment in ION Solar LLC
- Braemont Capital in its investment into RedTeam Software
- Freestone HoldCo, a portfolio company of Tailwater Capital, in its growth equity investment in Momentum Technologies
- Ares’s Infrastructure & Power strategy in its acquisition of a majority stake in Apex Clean Energy
- Stonepeak Partners LP in the formation of Levo Mobility LLC
- Tailwater Capital in its acquisition of NorTex Midstream
- The Rise Fund, a TPG-managed global impact fund, in its acquisition of Element Markets
- Blackstone Energy Partners in its acquisitions of Therma Holdings LLC and RE Tech Advisors, Inc.
- Energy Capital Partners in the acquisition of Liberty Tire Recycling from The Carlyle Group
- Basalt Infrastructure Partners LLC in the acquisition of Xpress Natural Gas
- Trilantic North America in its acquisition of a controlling interest and significant equity funding for Powin Energy
- Pike Corporation in connection with a majority investment by Lindsay Goldberg
- Therma Holdings, a Blackstone portfolio company, in its acquisitions of CMTA and Building Systems Holdings
- Trive Capital Partners in the formation of NuBridge Commercial Lending
- Ares Management in the negotiation of employment and incentive arrangements or Salt Creek Midstream
- Vortus Investments on its partnership with Alchemist Energy, LLC
De-SPAC Transactions
- BigBear.ai (NYSE: BBAI) on its $1.378 billion business combination with GigCapital4, Inc. (NASDAQ: GIGGU, GIG, GIGGW)
- Redwire (NYSE: RDW) on its $615 million business combination with Genesis Park Acquisition Corp. (NYSE: GNPK)
- AEA-Bridges Impact Corp. (NYSE: IMPX) on its merger with LiveWire, Harley-Davidson’s (NYSE: HOG) electric motorcycle division
- Rice Acquisition Corp. (NYSE: RICE) on its $1.15 billion business combination with Aria Energy LLC and Archaea Energy LLC to form Archaea Energy (NYSE: LFG)
- Star Peak Corp II (NYSE: STPC) on its $1.35 billion business combination with Benson Hill, Inc.
- ACON S2 Acquisition Corp. (NASDAQ: STWO) on its business combination with ESS Tech, Inc.
- Sustainable Opportunities Acquisition Corporation (NYSE: SOAC) on its $2.9 billion business combination with DeepGreen Metals Inc.
- Peridot Acquisition Corp. (NYSE: PDAC) on its $1.67 billion combination agreement with Li-Cycle Corp.
- ArcLight Clean Transition Corp. (NASDAQ: ACTCU, ACTC and ACTW) on its $1.6 billion business combination with Proterra Inc.
- Star Peak Energy Transition Corp. (NYSE: STPK) on its $1.35 billion business combination with Stem, Inc.
- Paya – (NASDAQ: PAYA) in its $1.3 billion business combination with FinTech Acquisition Corp. III (NASDAQ: FTAC)
Initial Public Offerings
- Various clients, including Integral Ad Science (NASDAQ: IAS), Agiliti, Inc. (NYSE: AGTI), Pharvaris (NASDAQ: PHVS), Vine Energy Inc. (NYSE: VEI), Shoals Technologies (NASDAQ: SHLS), Maravai Life Sciences (NASDAQ: MRVI), Array Technologies (NASDAQ: ARRY), Oak Street Health (NYSE: OSH), Datto Holding Corp. (NYSE: MSP), JAMF Software (NASDAQ: JAMF), Berry Corporation (NASDAQ: BRY), Nine Energy Service, Inc. (NYSE: NINE) and Ramaco Resources Inc. (NASDAQ: METC) in the executive compensation aspects of their initial public offerings
Restructuring Transactions
- Various clients, including Chesapeake Energy Corporation (NYSE: CHK), Denbury Resources Inc. (NYSE: DEN), Extraction Oil & Gas, Inc. (NASDAQ: XOG) and BJ Services, LLC, in the executive compensation aspects of their Chapter 11 filings
Prior Experience
More
Recognition
Chambers USA, Up and Coming, Employee Benefits & Executive Compensation (Texas: Houston & Surrounds), 2021–2022
The Legal 500 U.S., Employee Benefits, Executive Compensation and Retirement Plans (Transactional), 2016, 2018–2021
Lawdragon, “500 Leading U.S. Corporate Employment Lawyers,” 2021–2022
Law360, Rising Star, 2019
Certified Public Accountant, State of Texas
Memberships & Affiliations
Member, Houston Bar Association
Member, American Institute of Certified Public Accountants
Credentials
Admissions & Qualifications
- Texas
Education
- Tulane University Law SchoolJ.D.cum laude2007
- Tulane University A.B. Freeman School of BusinessB.S., Accountingsumma cum laude2004