Daryl L. Lansdale

Vice Chair, United States
Norton Rose Fulbright US LLP

San Antonio
United States
T:+1 210 270 9367
United States
T:+1 512 536 3027
San Antonio
United States
T:+1 210 270 9367
United States
T:+1 512 536 3027
Daryl L. Lansdale

Daryl L. Lansdale

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Daryl Lansdale serves as the firm’s Vice Chairman and was previously its US Managing Partner and Chair of the firm’s US Management Committee. 

Daryl is a strategic advisor to private equity firms, public companies, family offices and family- and founder- owned businesses.  Known for his dealmaking acumen, he has handled numerous high-profile transactions involving more than US$10 billion over the last several years, including the acquisition of Whataburger, the sale of interest in the San Antonio Spurs and disposition of Waddell & Reed Financial (NYSE).

Daryl is valued by his clients not only for his legal skills, but also his business judgement. This skillset combined with his 30 years of experience have made him a sought-after strategic advisor. 

His practice is focused on mergers and acquisitions, financings, public company reporting, investing activities as well as complex corporate governance and succession planning matters. He is also experienced in fund formation, conducting internal investigations and advising directors on corporate governance and fiduciary duty issues.

Professional experience

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JD, Southern Methodist University School of Law
BBA, magna cum laude, The University of Texas

Daryl is admitted to practice law in Texas 

  • Texas State Bar

Daryl's experience includes representation of the following:

  • BDT Capital in the acquisition of WhataBurger, a restaurant chain with 800+ units across 10 states with reported annual sales of more than $2 billion
  • CrowdOut Long Term Equity Fund I in its acquisition of Sourceability, a global distributor of electronic components offering digital tools, services and data
  • San Antonio Spurs (NBA) consortium of selling investors as Sixth Street and Michael Dell became strategic partners
  • Ownership group in acquisition of San Antonio Missions AA minor league baseball team
  • Waddell & Reed Financial, Inc. (NYSE), an asset and wealth management company, in its $1.7 billion acquisition by Macquarie Group and LPL Financial, Inc.
  • Intercontinental Asset Management, a wealth advisory firm, in its sale to Corient Private Wealth.
  • Silver Ventures in its sale of NatureSweet, a Mexico based grower of tomatoes, to Blue Road Capital
  • Founders of Supergoop!, the first protective skincare brand, in its sale to Blackstone Growth (BXG)
  • FW Murphy, a leading supplier of control and optimization solutions, in its carve-out sale to Dover (NYSE)
  • Pioneer Energy Services, Inc. (NYSE) in its sale to Patterson-UTI Energy, Inc. (NYSE) for $295 million in cash and stock
  • O'Neil Capital Management in its $275 million sale of Investor's Business Daily to News Corp./Dow Jones
  • Clear Channel Communications in the divestiture of its U.S. television division (56 television stations) for $1.2 billion
  • Clear Channel Outdoor (NYSE) in its $630 million carve-out initial public offering
  • Clear Channel Communications (NYSE) in the $1.4 billion spin-off of Live Nation, its live entertainment business
  • Clear Channel Outdoor in its acquisition of an outdoor advertising business for approximately $250 million in cash and stock
  • Rush Enterprises, Inc., a heavy-duty truck and equipment dealer (Nasdaq), in the formation of a joint venture with Cummins Inc. to produce natural gas fuel delivery systems for the commercial vehicle market
  • Rush Enterprises, Inc. in its $1.25 billion floor plan and working capital credit facilities
  • Rush Enterprises, Inc. in its $350 million acquisition of a national chain of truck dealerships
  • Rush Enterprises, Inc. in its $135 million secondary offering and simultaneous acquisition of a regional chain of truck dealerships
  • Specialty lender on the acquisition of Punch Bowl Social, a national chain of "eatertainment" venues, in a 363 bankruptcy sale
  • Healthpoint Biotherapeutics, a global wound care company, in its $800 million sale to Smith & Nephew
  • Digital Defense, a SAAS cybersecurity, vulnerability management and threat assessment platform, in its sale to a strategic purchaser
  • DPT Laboratories, one of the largest pharmaceutical contract development and manufacturing organizations (CDMO) in the United States, in its sale to a private equity firm
  • JP Hart Lumber Company, a distributor and building products manufacturer, in its sale to US LBM, a private equity backed industry consolidator
  • IAS Claims Services, a provider of tech-enabled claims adjusting and related services to the insurance market, to Davies
  • ISS Facility Services, a $10 billion international facilities maintenance firm, in its U.S. platform acquisition and numerous bolt on acquisitions
  • Biotech company in its venture capital financing, acquisitions, joint ventures, initial public offering and sale for $1 billion
  • Leading provider of debt management and recovery solutions (NASDAQ) in the acquisition of a $1 billion publicly traded competitor
  • A publicly traded oil field service company and its board of directors in its $1 billion Chapter 11 restructuring
  • Energy services company in its $300 million offering of high-yield notes and simultaneous tender for outstanding notes
  • Pipeline and logistics master limited partnership in issuances of more than $1.5 billion of common units
  • Numerous venture capital backed medical device companies in their formation, financing and sales to private and publicly traded purchasers
  • Drug development company in its $100 million sale to a multinational specialty pharmaceutical company
  • Valero Energy, listed in the Fortune 50 in its $500 million acquisition of an ethanol producer through a Section 363 bankruptcy sale
  • Master limited partnership in the sale of a pipeline system for $100 million
  • Domestic drilling company (NYSE) in its $100 million secondary offering and acquisition of an oil field services business for approximately $350 million in cash
  • AT&T in connection with the acquisition of a customer contract center services business
  • Independent refiner of petroleum products listed in the Fortune 50 in its issuance of notes
  • Oil and gas exploration and production company (Nasdaq) in a $100 million cash and stock acquisition
  • Special committee of a Nasdaq listed consumer online service provider in connection with its going private sale to an international telecommunications company
  • Independent refiner of petroleum products listed in the Fortune 200 in its Rule 144A offering of high-yield notes and numerous equity offerings
  • Top 200 Lawyers in America, Forbes, 2024
  • Top Attorneys – Corporate Counsel, San Antonio Magazine, 2022
  • Lawdragon 500 Leading Lawyers in America, Lawdragon, Inc., 2017, 2019 – 2021
  • Lawdragon 500 Leading Dealmakers in America, Lawdragon Inc., 2021
  • Acritas Star, Acritas, 2017 – 2021
  • Chambers USA, Chambers and Partners, 2007 – 2014
  • Chambers USA, Texas: San Antonio and Surrounds, Corporate / M&A, Chambers and Partners, 2020 – 2023
  • Chambers USA, technology: Corporate and commercial, Chambers and Partners, 2013
  • Texas Trailblazer, Texas Lawyer, 2020
  • Texas Super Lawyers, Mergers and Acquisitions, Thomson Reuters, 2011 – 2020
  • Legal 500 US, recommended lawyer, M&A: Middle-Market ($500m-999m), The Legal 500, 2013 – 2017, 2023
  • Legal 500 US, recommended lawyer, Technology: Transactions, The Legal 500, 2012
  • The Best Lawyers in America, Best Lawyers, 2006 – 2021
  • The Best Lawyers in America, Lawyer of the Year, Mergers and Acquisitions Law (Austin) Best Lawyers, 2021
  • Best Lawyers - Corporate Law Best Lawyers, 2022 - 2024
  • Best Lawyers - Mergers and Acquisitions Law, Best Lawyers, 2022 - 2024
  • Who's Who in Energy, American City Business Journals, 2013 – 2016
  • Texas Top Rated Lawyer, LexisNexis Martindale-Hubbell, 2013 – 2019
  • "Qualified Legal Compliance Committees: A Useful Tool for Investigating Reports of Material Violations," Legal Update, Fulbright & Jaworski L.L.P.
  • "The Judicial and Regulatory Constriction of Section 16 of the Securities Exchange Act of 1934," Notre Dame Law Review; reprinted in Corporate Practice Commentator
  • "Standing Under Section 16(b) of the Securities Exchange Act," Securities Regulation Law Journal
  • "Regulation S and Rule 144A: Creating a Workable Fiction in an Expanding Global Securities Market," The International Lawyer
  • "Strategies for Complying with Nasdaq's Continued Listing Standards in Troubled Times," Securities Regulation Law Journal
  • TMI - The Episcopal School of Texas, Board Member
  • The First Tee, Board Member