Texas lawyers at Baker & McKenzie represented Rimrock Midstream of Dallas in its recent acquisition of the El Dorado Storage Terminal from a subsidiary of Houston’s Enbridge Energy Partners. With the closing of the acquisition on Nov. 6, Rimrock also announced a strategic financing relationship with Energy Capital Partners of up to $160 million.
Joel W. Kanvik, director U.S. law-liquids and assistant secretary at Enbridge, handled the transaction for his company, while a team from Latham & Watkins represented Energy Capital Partners, a private equity firm, in the financing. Lewis, Rice & Fingersh of Kansas City, Mo., was local counsel for Rimrock.
On Nov. 7, Rimrock announced the acquisition of the storage terminal, which is located near El Dorado, Kan., for an undisclosed amount.
The Baker & McKenzie team for Rimrock includes corporate partner Roger Bivans and associates Brook Mestre and Jennifer Cannan; finance partner Crews Lott, tax partner Todd Schroeder and real estate partner Kevin Maher, all of Dallas; employment partner J. Richard Hammett and associate Jordan Faykus, both of Houston; and finance associate Kate Lindahl of Chicago and of counsel Janna Bellwin of New York City.
At Lewis Rice, real estate member John Cruz and associate Kyle Binns worked on the acquisition.
The Latham & Watkins lawyers for Energy Capital Partners include finance partner Jonathan Rod and associate Chirag Dedania, both of New York City, and corporate partner Nadia Sager and associate Amanda Molter, both of San Diego.