Bracewell & Giuliani LLP is representing Kinder Morgan Energy Partners, L.P. (NYSE: KMP) in its acquisition of American Petroleum Tankers (APT) and State Class Tankers (SCT) from affiliates of The Blackstone Group and Cerberus Capital Partners, for $962 million in cash.
APT and SCT are engaged in the marine transportation of crude oil, condensate and refined products in the United States domestic trade, commonly referred to as the Jones Act trade.
The transaction, which is subject to standard regulatory approvals, is expected to close in the first quarter of 2014.
Bracewell attorneys involved in this transaction include:
Partners: Michael S. Telle, Gregory M. Bopp, Heather L. Brown, Robert G. Burns, Daniel E. Hemli, Scott C. Sanders, and Timothy A. Wilkins
Associates: Rebecca L. Baker, J. Clay Brett, Jason M. Jean, Jonathan Lozano, Jennifer R. Necas, and J. Charles Nixon
