Locke Lord Represents Medallion Gathering & Processing in Sale to Global Infrastructure Partners Affiliate for $1.8 Billion

A Locke Lord team led by Kevin Peter (Houston) represented Medallion Gathering & Processing, LLC in the company’s sale to an affiliate of Global Infrastructure Partners (GIP) for a cash purchase price of $1.825 billion, announced Oct. 2, 2017 and closed Oct. 30, 2017. Medallion, owned by The Energy & Minerals Group and Laredo Petroleum, Inc., is the largest privately held crude oil transportation system in the Midland Basin of West Texas and will retain its name and operate as a GIP Portfolio Company. For more information, please see the Medallion press release. Additional Locke Lord team members included Derrick Carson, Jerry Higdon, Eric Larson, Tammi Niven, Ed Razim, Bill Swanstrom, Mitch Tiras, Mechelle Smith, Max Stubbs and Laura Ferguson(all of Houston), and Van Jolas (Dallas) and Enrique Santiago (West Palm Beach).
Posted on October 2, 2017