Latham Advises Plains All American Pipeline on US$585 Million Acquisition of Powder River Basin Assets From Silver Creek Midstream

Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) have announced that a wholly owned subsidiary has entered into a definitive agreement to acquire SCM PR II, LLC (Silver Creek) from subsidiaries of Tailwater Capital and the Energy and Minerals Group for aggregate cash consideration of approximately US$585 million.

Latham & Watkins LLP advised Plains All American Pipeline on the transaction with a corporate deal team led by Houston partners Ryan Lynch, Clayton Heery, and Nick Dhesi, with associates Nate Guerra, David Lee, E.B. Nasir, and Liem-Lucas Nguyen. Advice was also provided on tax matters by Houston partners Tim Fenn and Jared Grimley, with associate Chris Garza; on antitrust matters by Washington, D.C. partner Jason Cruise, with associate Alexandra Clark; on regulatory matters by Washington, D.C. partner Pat Nevins; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Brandon Kerns; on representations and warranties insurance matters by Los Angeles partner Harrison White; on finance matters by Houston counsel Natalie McFarland, with associate Joanna Zhao; on executive compensation and employee benefits matters by New York partner Erica Aho and Chicago counsel Daniel Bop, with associate Julia Harriman; on intellectual property matters by associates Andrew Abokhair and Saul Aguirre-Villarreal; on insurance matters by San Diego partner Drew Gardiner and New York counsel Rachel Katz, with associate Lingzi Hu; and on labor and employment matters by Chicago counsel Laura Waller.