Oklahoma non-compete enforcement and earn-out exposure
Banned entirely. Sale-of-business and non-solicitation exceptions.
"Founders get excited about the check amount and focus on valuation headlines while the fine print gets glossed over."
Planning to take your company public? Our Mustang-based attorneys specialize in IPOs, direct listings, SPAC mergers, and alternative paths to public markets for companies across Energy, Manufacturing, Healthcare.
Share the basics. Alex reviews every inquiry personally.
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
Alex Lubyansky handles ipo & going public law work for buyers and sellers in Mustang and across the country. Here is what that looks like:
We work best with people who know what they want and are ready to move:
Tell us what you are working on. We respond within one business day.
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
We don't take every matter. Here is what happens when you reach out.
Alex reviews your transaction details personally. No intake coordinators, no junior associates screening your submission.
We evaluate whether your deal aligns with our practice. Not every matter is a fit, and we will tell you directly if it is not.
If there is alignment, Alex schedules a direct call to discuss your transaction, timeline, and objectives.
Before any work begins, you receive a written engagement letter with defined scope, timeline, and fee structure. No surprises.
Alex Lubyansky handles every ipo & going public law engagement personally.
15+ years of M&A experience. Nationwide. One attorney on every deal.
We review every transaction inquiry within one business day.
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
Use these before you call any firm, including ours.
At many firms, a partner sells the work and a junior associate does it. Ask for the name of the attorney who will draft and negotiate your documents.
Volume indicates current, active deal experience, not just credentials from years ago.
A $500K SBA acquisition and a $50M PE deal require different skill sets. Make sure the attorney has handled transactions similar to yours.
M&A transactions require a team. Your attorney should work with your other advisors, not in a silo.
Reps, warranties, and indemnification claims surface months after closing. Ask whether the firm handles post-closing litigation or refers it out.
Hourly, flat fee, or hybrid. Ask what factors increase legal costs so there are no surprises.
Common questions from Mustang clients
Submit your transaction details for a preliminary assessment by our managing partner
Submit Transaction DetailsSubmit transaction details and Alex will respond directly.
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
Oklahoma City's M&A market is anchored by the energy sector, with a concentration of oil and gas exploration, production, and midstream companies that generate deal activity across the value chain from wellhead services to pipeline operations. The city has diversified meaningfully into aerospace and defense, with Tinker Air Force Base and the FAA's Mike Monroney Aeronautical Center creating an aviation services cluster. OKC's cost of living (among the lowest of any U.S. metro above 1M population) supports strong margins for acquired businesses across sectors.
Oklahoma City offers a value-oriented M&A market with deal multiples well below national averages, particularly for energy services businesses during commodity downturns. The market is relationship-driven, with local intermediaries and the Oklahoma chapter of ACG playing important roles in deal origination.
Oklahoma's low cost structure, business-friendly regulatory environment, and absence of significant state-level compliance burdens make OKC-acquired businesses highly cash-flow efficient. The metro's energy sector expertise provides a talent pool for acquirers looking to build platforms in upstream and midstream services.
Oklahoma is notable for its near-complete prohibition of non-compete agreements (with narrow exceptions for the sale of a business and partnership dissolution), which means acquirers cannot rely on post-closing non-competes for key employees outside the seller themselves, making retention strategies and trade secret protections essential.
Banned entirely. Sale-of-business and non-solicitation exceptions.
Entity mergers and conversions must be filed with the Oklahoma Secretary of State. Annual certificates are required for all entities. The Oklahoma Tax Commission requires tax clearance for asset purchases.
Oklahoma Bar Association (mandatory unified bar). Unified/integrated bar. Membership required to practice law in Oklahoma.
Bar association websiteFederal districts: N.D. Okla., E.D. Okla., W.D. Okla.
Business court: No dedicated business court division. Commercial disputes proceed through general civil courts.
Oklahoma M&A is concentrated in oil and gas, energy services, agriculture, and aerospace; Oklahoma City and Tulsa are the primary deal markets.
Watchpoints
These are the items we see derail ipo & going public law transactions in the Mustang market. Each one is rooted in current statutory law, recent legislative changes, or recurring patterns from the deals Alex has handled.
Banned entirely. Sale-of-business and non-solicitation exceptions.
"Founders get excited about the check amount and focus on valuation headlines while the fine print gets glossed over."
Securities regulated by Oklahoma Department of Securities (securities.ok.gov). Oklahoma follows the Uniform Securities Act; Blue Sky notice filings required for Reg D. Oklahoma imposes a near-complete ban on non-compete agreements (15 Okla. Stat. sec. 217) since 1890.
The most expensive deals aren't the ones with high price tags. They're the ones where buyers skipped the 90-minute assessment because they fell in love with the highlight reel.
In-depth guides to help you prepare for your transaction
State-by-state securities registration requirements and exemptions.
Read guideHow private companies can issue equity compensation under Rule 701.
Read guideFiling requirements for Regulation D offerings at the state level.
Read guideHow reverse mergers work and when they make sense as a path to going public.
Read guideRequirements for selling restricted and control securities.
Read guideAcquisition Stars represents clients across Oklahoma and nationwide. Alex Lubyansky handles every engagement personally.
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"There needs to be a qualification process on the front end. Not just for attorneys who have a billable hour and need to justify their time. For everybody. Brokers don't get paid hourly, but they have a financial incentive and they shouldn't waste time on someone completely unqualified either. I get ten to twenty emails every week from people who are clearly tire kickers. No actual intent. No funding. Nothing in place that would indicate a serious pathway. So my first qualifier is simple. Do you have financing lined up. Are you a cash buyer. Is there an SBA loan. It's not because I don't think they can afford my legal fee. It's because I don't think they're serious. If I can figure that out early, it saves both of us time and pain. There's a lot of information on the internet. If you have no funding and no target criteria and don't know what you're buying, it's way too early to engage a professional."
15+ years of M&A and securities transaction experience Senior counsel on every engagement Admitted in Michigan, practicing nationwide
Reviewed by Alex Lubyansky on . Read full bio
Alex Lubyansky handles every engagement personally. Tell us about your transaction and we will let you know if there is a fit.
Tell us about your deal. We review every submission and respond within one business day.
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
One attorney on every deal. Nationwide. 15+ years of M&A experience.