Simpson Thacher is representing Alinda Capital Partners (“Alinda”) in the announced sale of its oil terminal business, Houston Fuel Oil Terminal Company (“HFOTCO”), to SemGroup Corporation (NYSE: SEMG) for approximately $2.1 billion. The transaction is expected to close in the third quarter of 2017, subject to regulatory approval and customary closing conditions.
Alinda is a private equity firm specializing in infrastructure businesses, including transportation infrastructure, midstream energy infrastructure, telecommunications infrastructure, and other contracted infrastructure assets with long-term contracts.
HFOTCO, one of the largest oil terminals in the U.S., is located on the U.S. Gulf Coast with pipeline connectivity to the local refining complex, deep water marine access and inbound pipeline, rail and truck receipt capabilities from all major producing basins.
SEMG, headquartered in Tulsa, Oklahoma, is a midstream company that operates in the United States, Canada, Mexico and the United Kingdom.
The Simpson Thacher team includes David Lieberman, Chris May, Austen Heim and Angela Wu (M&A); Brian Steinhardt, Amy Beller, Nelli Zaltsman and Andrew Willinger (Banking and Credit); Hui Lin (Capital Markets); Glenn Sarno, Peter Gilman and Audra Cohen (Funds); John Hart and Andrew Purcell (Tax); Larry Moss (Executive Compensation and Employee Benefits); and Timothy Mulvihill (Environmental). Summer Associate Minzala Mvula also provided invaluable assistance.