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Latham & Watkins Advises Energy Transfer in the US$5 Billion Acquisition of SemGroup

September 16, 2019
The transaction, led by a Houston-based corporate team, enhances Energy Transfer's infrastructure across multiple regions.

Energy Transfer LP (“ET” or “Energy Transfer”) has announced that it has entered into a definitive merger agreement whereby Energy Transfer will acquire SemGroup Corporation in a unit and cash transaction valued at US$17 per share, or a total consideration including the assumption of debt of approximately US$5 billion, based on the closing price of ET common units on September 13, 2019. 

Latham & Watkins LLP represents Energy Transfer LP on the transaction with a Houston-based corporate deal team led by partners Bill Finnegan and Debbie Yee with associates Kevin Richardson, Dan Harrist, Madeleine Neet, Caroline Ellerbe and Ashlyn Royall. Advice was also provided on tax matters by Houston partners Tim Fenn and Bryant Lee with associates Jared Grimley and Michael Rowe; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum with associate Stephanie Jeane; on antitrust matters by Washington, D.C. partners Michael Egge and Jason Cruise with counsel Peter Todaro; on environmental matters by Houston partner Joel Mack with Washington, D.C. associate Joshua Marnitz; and on finance matters by Houston partner Pamela Kellet with associate Michelle Synhorst.