Vinson & Elkins LLP advised Plains All American Pipeline on the deal.
Zenith Energy U.S., L.P. (“Zenith”) announced that it has completed the acquisition of three interconnected terminals in greater Los Angeles (“Los Angeles Terminals” or “LAT”) from Plains All American Pipeline (“Plains”). This acquisition demonstrates Zenith’s continued commitment to expanding its portfolio of high-quality, safe and reliable energy storage solutions to meet the growing need of customers in key markets across the country.
The terminal and pipeline infrastructure comprise terminals in Los Angeles County, commonly referred to as the Long Beach, Dominguez Hills and Alamitos Terminals, in addition to approximately 50 miles of bi–directional pipeline providing interconnection between the terminals as well as direct connectivity to all major refineries in the region.
Zenith Energy is a world-class midstream company that owns and operates over 32 million barrels of renewable fuels, crude oil, petroleum products, chemicals and vegetable oil storage across North American, Europe and Latin America through its subsidiaries Zenith International and Zenith U.S.
Plains All American Pipeline, L.P. is involved in intrastate crude oil pipeline transportation and terminalling storage activities. The Partnership is also involved in gathering and marketing activities. Plains owns and operates a seasonally heated, common carrier crude oil pipe-line extending from CA to TX, and an oil gathering system in CA.
The V&E corporate team was led by partner Doug Bland (Picture) and counsel Matt Falcone with senior associate Reese O’Connor and associates Erin Mitchell and Michael Pascual. Also advising were partner Todd Way and senior associate Brian Russell; partner Larry Nettles; partner Sean Becker and counsel Martin Luff; counsel Dario Mendoza and associate Carolyn Exnicios; associate Caitlin Snelson; and counsel Scot Dixon.
Involved fees earner: Sean Becker – Vinson & Elkins LLP; Douglas Bland – Vinson & Elkins LLP; Scot Dixon – Vinson & Elkins LLP; Carolyn Exnicios – Vinson & Elkins LLP; Matthew Falcone – Vinson & Elkins LLP; Martin Luff – Vinson & Elkins LLP; Dario Mendoza – Vinson & Elkins LLP; Erin Mitchell – Vinson & Elkins LLP; Larry Nettles – Vinson & Elkins LLP; Reese O’Connor – Vinson & Elkins LLP; Michael Pascual – Vinson & Elkins LLP; Brian Russell – Vinson & Elkins LLP; Caitlin Snelson – Vinson & Elkins LLP; Todd Way – Vinson & Elkins LLP;
Law Firms: Vinson & Elkins LLP;
Clients: Plains All American Pipeline L.P.;