PHILADELPHIA, January 23, 2020: Morgan Lewis represented Buckeye Partners in its $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.
Partner Benjamin Wills and associate Conor Larkin led the Morgan Lewis team advising Buckeye Partners, with assistance from partners Amy Kelly and Ross Friedman and associate Lindsay Mozdziock.