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Calumet Specialty Products Partners Divests San Antonio Refinery and Related Assets

Published: 11-11-2019

Vinson & Elkins advised Calumet Specialty Products Partners, L.P., a leading independent producer of specialty hydrocarbon and fuels products, in the sale of its San Antonio, Texas refinery and related assets, including a crude oil terminal and pipeline, to Starlight Relativity Acquisition Company LLC.

Starlight agreed to pay $63 million in cash for the plant, property and equipment, plus adjustments for net working capital, inventories and post-closing amounts.

The V&E corporate team was led by partner Chris Collins with assistance from partner Gillian Hobson, associate Jordan Fossee, senior associate Robbie Hopkins and associate Layton Suchma. Also advising were partner Ryan Carney; partner David D’Alessandro and senior associate Kristy Fields; partner Sean Becker; and counsel Larry Pechacek.

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