Latham & Watkins Advises Crosstimbers in Sale of Maverick Water Group

Apollo (NYSE: APO) has announced that Apollo‑managed funds have acquired Maverick Water Group (Maverick), a Houston‑based developer, owner, and operator of alternative non‑potable water systems that serve communities across Texas, from Crosstimbers Capital Group (Crosstimbers).

Latham & Watkins LLP represents Crosstimbers in the transaction with a corporate deal team led by Houston partner James Garrett and associate John Daywalt, with associates Armaan Bhimani and Liem‑Lucas Nguyen. Advice was also provided on finance matters by Boston partner Susan Parker; on tax matters by Houston partner Bryant Lee, with associate Christopher Garza; on environmental matters by Los Angeles/Houston partner Joshua Marnitz and Orange County counsel Lucas Quass; on benefits matters by Los Angeles partner Julie Crisp, with associate Maddie Bober; on labor matters by associate Jenny Bobbitt; on antitrust matters by Washington, D.C. partners Jason Cruise and Lindsey Champlin; on intellectual property matters by associates Andrew Abokhair and Saúl Aguirre‑Villarreal; and on real estate matters by New York partner Mark Semotiuk and Chicago counsel Margaret Linkous.