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Latham & Watkins Advises the Conflicts Committee of Sprague Resources in its Pending Merger with Hartree Partners

June 3, 2022
A multidisciplinary team advises on the all-cash take private transaction.
Sprague Resources LP (NYSE: SRLP) (Sprague) has announced that it has entered into a definitive agreement pursuant to which an affiliate of Hartree Partners, LP will acquire all of the outstanding common units of Sprague not already owned by Hartree and its affiliates.

Latham & Watkins represents the Conflicts Committee of Sprague in the transaction with a corporate deal team led by Houston partners Ryan Lynch, Bill Finnegan, and Ryan Maierson, with associates Jordan Mack and Ben Marek. Advice was also provided on tax matters by Houston partner Tim Fenn, with associates Dominick Constantino and Chelsea Munoz-Patchen; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum; on environmental matters by Los Angeles counsel Josh Marnitz, with Washington, D.C. associate Jim Lambert; on antitrust matters by Washington, D.C. partner Jason Cruise and counsel Patrick English; on regulatory matters by London partner Nathan Seltzer; and on intellectual property and data privacy matters by Bay Area partner Michelle Gross.