Sidley represented independent infrastructure manager Ancala in its acquisition of a portfolio of pipeline-connected sites and storage facilities for the production, storage, and transportation of critical chemical intermediates from Hexion, an American Securities portfolio company. The sites — located in Baytown, Texas; Luling, Louisiana; and Geismar, Louisiana — will be operated by Valentra, a newly formed company.
Valentra’s facilities are among the largest pipeline suppliers of methanol-based raw materials on the U.S. Gulf Coast, supplying co-located chemical parks, as well as offsite industrial customers.
The Sidley team was led by partners Brien M. Wassner and Justin A. Macke, and senior managing associate Adrian Zhang (M&A and Private Equity), and included Emily A. Hunter, Elina Sigal, John K. Neal Jr., Tamia Sutherland, and David Hoff (M&A and Private Equity); Banks Bruce, Jim Albrecht, Paul S. George Jr., and Chase M. Rowland (Global Finance); Daniel F. Allison, Glenn L. Pinkerton, and Michael J. Schlinkert (Energy and Infrastructure); Amy M. Rubin, Amanda M. Casanueva, and Steven Szymanski (Employee Benefits and Executive Compensation); Maureen M. Crough, Rose Quam-Wickham, and Riley Desper (Environmental, Health, and Safety); Azad Assadipour and Robert F. Hogan (Investment Funds); Thomas D. Cunningham and Cole R. Rianda (Privacy and Cybersecurity); Beatriz Azcuy and Alison J. Wynne (Real Estate); Rebecca Stuart and Allison C. Ivey Toth (Labor, Employment and Immigration); E. Kyle Barnett and Sophia Iams (Technology and Life Sciences Transactions); Connor T. Evans and Dominique Hall (Commercial Litigation and Disputes); Eric M. Grosshandler (Tax); Scott J.F. Goldstein (Insurance); and Renaud Poizat (Securities Enforcement and Regulatory).
