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Hi-Crush Completes Buyout of General Partner

Vinson & Elkins advised the owners of the general partner of Hi-Crush Partners LP (“Hi-Crush” or the “Partnership”) in the acquisition by Hi-Crush of its general partner by acquiring Hi-Crush Proppants LLC for consideration of 11.0 million newly issued common units of the Partnership. Total value of the consideration for the acquisition, comprised entirely of the newly issued units, is $96.25 million based on the Oct. 19, 2018 closing price of $8.75 per unit. 

The V&E team was led by partner Ramey Layne with senior associate Doug Lionberger and associates Aaron Carpenter and Greg Henson. Partner Ryan Carney and associate Neil Clausen provided tax advice.

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