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Vinson & Elkins Advises FTAI Infrastructure on $255 Million Acquisition of Port Arthur Terminal and Canadian Diluent Recovery Unit

Deals & Cases

September 28, 2026 • 1-minute read

Vinson & Elkins advised FTAI Infrastructure Inc. (NASDAQ: FIP) in the acquisition of the Port Arthur Terminal in Port Arthur, Texas, and a 50% interest in the Diluent Recovery Unit located in Hardisty, Alberta, from a USD Group. The total acquisition consideration is approximately $255 million. Closing of the transaction is subject to the receipt of required regulatory approvals which are expected during the fourth quarter of 2026.

The Vinson & Elkins team was led by Partner Benji Barron, Senior Associate Zach Parker, and Associate Mimi Dyke, with assistance from Associates Sophie Belton and Tamra Kenebrew. Also advising were Partner Caitlin Turner, Counsel Maya Bobbitt, Senior Associate Declan White and Associate Brad Rossiter; Partner Jason McIntosh and Associate Patrick Darby; Counsel Megan Menniti and Associates Tom Aird; Partner Sarah Mitchell, Senior Associate Victoria Bahrami-Negad and Associate Zena Issa; Partner Patricia Adams and Associates Reagan Gregory and Anna Huthnance; Partner Becky Baker and Senior Associate Andrew Cox; Partner Joyce Adetutu and Senior Associate Frankie Velez; Partner Jennifer Cornejo and Associate Ryan Vanderlip; Counsel Rajesh Patel and Associate Sean Dao; Partner Suzanne Clevenger, Counsel Mike Malenfant and Associate Max Aguirre; Counsel Ken Adler and Associate Molly Ellisor; Partners Chris Popov and Jamie Leader and Associate Ryan Frankel; Partner Evan Miller; Partner Fry Wernick, Senior Associates Stefanie Jackson and Eva Shen; Partner Jackson O’Maley.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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