Argo Infrastructure Partners’ Acquisition of Interests in Hudson Transmission Partners

Bracewell LLP is representing an investment vehicle managed by Argo Infrastructure Partners, LLC in an agreement to acquire interests in Hudson Transmission Partners, LLC (HTP) from Ares EIF, the power and infrastructure strategy at Ares Management, L.P., and Starwood Energy Group Global, LLC, a leading private investment firm focused on energy infrastructure.

HTP is a joint venture formed solely to develop, construct, operate and maintain the Hudson Transmission Project, a 660 megawatt electric transmission link between New York City and the Pennsylvania-New Jersey-Maryland (PJM) Interconnection via a subsea cable beneath the Hudson River. The developer of the Hudson Project, a subsidiary of PowerBridge, LLC of Fairfield, Connecticut, will continue to operate and maintain the asset on behalf of Argo Infrastructure and other stakeholders.

The transaction is subject to customary regulatory approvals and is expected to close later in 2018 or in early 2019.

Argo Infrastructure Partners is an independent investment manager with a long-term approach to infrastructure investing. Argo seeks investments in high-quality physical assets providing essential services.

Bracewell advised with a team including Frederick J. Lark (Picture), Cathy P. McCarthy, Jason B. Hutt, Tony L. Visage, Elizabeth L. McGinley, Lance W. Behnke, Bruce R. Jocz, Ron I. Erlichman, Daniel E. Hemli, Elena V. Rubinov, Joshua C. Zive, R. Joe Hull, David J. Harty, Seth T. Lucia, William L. Barnard III, Blake Urban, Tyler C. Lohse, Christie L. Latimer, Jessica M. Monastra, Austin C. Whitmore and Catherine B. Engell.

Involved fees earner: Frederick Lark – Bracewell; Elena Rubinov – Bracewell; William Barnard III – Bracewell; Tyler C. Lohse – Bracewell; Jessica Monastra – Bracewell; Catherine McCarthy – Bracewell; Seth Lucia – Bracewell; Blake Urban – Bracewell; Jason Hutt – Bracewell; Tony Visage – Bracewell; Elizabeth McGinley – Bracewell; Lance Behnke – Bracewell; Joe Hull – Bracewell; Catherine Engell – Bracewell; Bruce Jocz – Bracewell; Ron Erlichman – Bracewell; David Harty – Bracewell; Daniel Hemli – Bracewell; Joshua Zive – Bracewell; Christie Latimer – Bracewell; Austin Whitmore – Bracewell;

Law Firms: Bracewell;

Clients: Argo Infrastructure Partners;