Unit Corporation to Sell 50% Interest in Midstream Subsidiary
Vinson & Elkins advised Unit Corporation in the sale of a 50% equity interest in its wholly owned subsidiary, Superior Pipeline Company, LLC for cash proceeds of $300 million. The purchaser, SP Investor Holdings, LLC, is jointly owned by OPTrust and funds managed and/or advised by Partners Group, a global private markets investment manager.
The V&E corporate team was led by partner Doug Bland with senior associate Luke Edney and associates Danny Hatch, Joclynn Townsend and Ed Vaunder. Also advising were partner John Lynch; partner Stephen Jacobson and associate Amy Benford; partner Tom Wilson; partner Billy Vigdor and associate Evan Miller; and partner Larry Nettles.
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