The Firm is representing Navigator Energy Services, LLC (“Navigator”) in connection with its definitive agreement to be acquired by NuStar Energy L.P. (NYSE: NS) for approximately $1.475 billion, subject to purchase price adjustments. The transaction, which is expected to close in mid- to late-May 2017, is subject to regulatory approvals and customary closing conditions.
Headquartered in Dallas, Navigator provides oil producers with full-service midstream services including crude oil gathering, transportation and storage. Navigator is focused on domestic midstream opportunities in both developing and mature producing areas. Navigator is supported by an equity commitment from First Reserve.
The Simpson Thacher team included Chris May, Jim Cross, Austen Heim, Tyler Cox, Kyle Kreshover and Ana Sanchez (M&A); John Creed, Gary Mandel and George Davis (Tax); Tim Mulvihill (Environmental); Matt Einbinder and Brandan Still (Financing); Lori Lesser (IP); Larry Moss, Aimee Adler and Eric Wolf (ECEB); and Krista McManus and Dennis Loiacono (Real Estate).