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Latham Advises Magellan Midstream Partners in Completing Its US$18.8 Billion Merger With ONEOK

September 26, 2023
Firm advised on one of the largest M&A transactions of 2023.

ONEOK, Inc. (NYSE: OKE) has announced that it has completed its acquisition of Magellan Midstream Partners, L.P., creating a more diversified North American midstream infrastructure company focused on delivering essential energy products and services to its customers, and continued strong returns to investors.

Latham & Watkins LLP represented Magellan Midstream Partners in the transaction with a corporate deal team led by Houston partners Ryan Maierson and Kevin Richardson, with associates Denny Lee, Ben Marek, Molly Elkins, and Justin Reinking. Advice was also provided on executive compensation, employment, and benefits by Washington, D.C. partner David Della Rocca and Washington, D.C. counsel Laura Szarmach, with associate Bryce Williamson; on antitrust matters by Washington, D.C. partner Jason Cruise, with associates Caitlin Fitzpatrick and Ivy Ziedrich; on tax matters by Houston partner Tim Fenn and Bryant Lee, with associate Dylan White; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Joseph Kmetz; on energy regulatory matters by Washington, D.C. partner Patrick Nevins; and on finance matters by Houston partner Craig Kornreich, with associates Max Fin and Michael Basist.