First Reserve to sell Navigator Energy Services for $1.48 bln
NuStar Energy LP said April 11 it agreed to buy Navigator Energy Services LLC for approximately $1.475 billion. First Reserve is the seller. Navigator owns and operates crude oil transportation, pipeline gathering and storage assets located in the Midland Basin of West Texas. UBS Investment Bank provided financial advice to NuStar, while Andrews Kurth Kenyon was the attorney for NuStar. Deutsche Bank Securities Inc was the financial adviser to Navigator and Simpson Thacher & Bartlett LLP was legal adviser to Navigator.
12 April 2017•4 mins read
