PE-backed Zenith U.S. to buy Arc Logistics for $16.50 per share

Zenith Energy U.S., which is backed by Warburg Pincus, has agreed to acquire Arc Logistics, a limited partnership that owns, operates, develops and acquires energy logistics assets, for $16.50 per share. The sellers included Lightfoot Capital Partners. The deal is expected to close in either the fourth quarter of this year or early 2018. Kirkland & Ellis LLP are serving as legal advisers to Zenith U.S. while Barclays and Credit Suisse are providing financial advice.

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