Baker Botts Represents Edgewater Midstream in Acquisition Agreement to Purchase Refined Products Assets
Deal Description: On August 29, 2024, Edgewater Midstream Pasadena LLC (“Edgewater”), a wholly-owned subsidiary of Edgewater Midstream LLC, entered into a definitive agreement to acquire the Sinco pipeline system and Colex terminal in Texas from certain subsidiaries of Shell USA, Inc. (“Shell”). Edgewater is acquiring the Sinco pipeline system and the Colex East and Colex West terminals from Shell for an undisclosed purchase price (the “Acquisition”). Subject to regulatory approvals, the Acquisition is expected to close in the fourth quarter of 2024. Edgewater is a portfolio company of EnCap Flatrock Midstream.
Baker Botts is representing Edgewater in the Acquisition.
Based in Houston and established in late 2019, Edgewater provides independent midstream solutions to refiners, producers and marketers of crude oil, refined products and other bulk liquids.
Baker Botts Lawyers/Office Involved:
Corporate: Joshua Davidson (Partner, Houston); Natasha Khan (Partner, Houston); Garrett Hughey (Senior Associate, Houston); Michael Mazidi (Associate, Houston); Jenna Kabrich (Associate, Austin); Cade Luedde (Associate, Houston).
Global Projects: Scott Looper (Partner, Houston); Megan Young (Associate, Houston); Jesse Nation (Associate, Houston).
Real Estate: Daniel Kruger (Partner, Washington D.C.); Sarah Hendrix (Associate, Houston); Taylor Gamboa (Associate, Dallas).
Tax: Michael Bresson (Partner, Houston); Katie McEvilly (Senior Associate, Houston).
Environmental: Elizabeth Singleton (Special Counsel; Houston).
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