Simmons & Company International, Energy Specialists of Piper Jaffray served as the exclusive financial advisor to NorthStar and Oaktree. Vinson & Elkins LLP served as NorthStar and Oaktree’s legal counsel.
NorthStar Midstream, a portfolio company of funds managed by Oaktree Capital Management, L.P., finalized the sale of its NorthStar Port Arthur Terminal to a subsidiary of Colonial Pipeline Company. The Terminal is a newly-constructed marine-export facility strategically located along the Port of Port Arthur in Port Arthur, TX with significant marine loading capabilities and pipeline connectivity to the Port Arthur refining complex.
NorthStar is a diversified logistics company providing flexible crude oil, sand, liquefied natural gas (“LNG”) and refined product logistics services, including storage and transportation solutions, to the North American energy industry.
The V&E corporate team was led by partner Shamus Crosby (Picture) with assistance from associates Ali Choate, Aaron Carpenter and Jonathan Sapp.
Law Firms: Vinson & Elkins LLP;