Colonial Pipeline Company’s Acquisition of Northstar Port Arthur Terminal


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.

Involved fees earner: Shamus Crosby – Vinson & Elkins LLP; Ali Choate – Vinson & Elkins LLP; Aaron Carpenter – Vinson & Elkins LLP; Jonathan Sapp – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Oaktree Capital Management; Northstar Midstream;

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Author: Ambrogio Visconti