Buckeye Partners’ $250 Million Acquisition of Marine Terminals
02.03.2020 - NEWS

February 03, 2020 [Global Legal Chronicle] – Morgan Lewis represented Buckeye Partners in the transaction.

Buckeye Partners completed the $250 million acquisition of three marine terminals from Magellan Midstream Partners. The three terminals are located in New Haven, Connecticut; Wilmington, Delaware; and Marrero, Louisiana.

The transaction is expected to close by late first-quarter or early second-quarter 2020, subject to regulatory approvals.

Buckeye Partners owns and operates a diversified global network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing, and marketing of liquid petroleum products.

Morgan Lewis team advising Buckeye Partners was led by Partner Benjamin Wills (Picture) and associate Conor Larkin, with assistance from partners Amy Kelly and Ross Friedman and associate Lindsay Mozdziock.

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