Sidley Advised Ancala on Acquisition of U.S. Chemical Infrastructure Portfolio

Sidley Advised Ancala on Acquisition of U.S. Chemical Infrastructure Portfolio

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 Brien M. Wassner (Partner) and Justin A. Macke (Partner), and Adrian Zhang (Senior Managing Associate/ M&A and Private Equity), and included Emily A. Hunter (Senior Managing Associate), Elina Sigal (Managing Associate), John K. Neal Jr. (Managing Associate), Tamia Sutherland (Associate/ M&A and Private Equity), and David Hoff (Associate/ M&A and Private Equity); Banks Bruce (Partner), Jim Albrecht (Managing Associate), Paul S. George Jr. (Managing Associate), and Chase M. Rowland (Associate) Global Finance; Daniel F. Allison (Partner), Glenn L. Pinkerton (Senior Counsel), and Michael J. Schlinkert (Senior Managing Associate) Energy and Infrastructure; Amy M. Rubin (Partner),  Amanda M. Casanueva (Mananging Associate), and Steven Szymanski (Associate/ Employee Benefits and Executive Compensation); Maureen M. Crough (Counsel), Rose Quam-Wickham (Managing Associate), and Riley Desper (Associate/ Environmental, Health, and Safety); Azad Assadipour (Partner) and Robert F. Hogan (Associate/ Investment Funds); Thomas D. Cunningham (Partner) and Cole R. Rianda (Managing Associate/ Privacy and Cybersecurity); Beatriz Azcuy (Partner) and Alison J. Wynne (Associate/ Real Estate); Rebecca Stuart (Partner) and Allison C. Ivey Toth (Managing Associate/ Labor, Employment and Immigration); E. Kyle Barnett (Partner) and Sophia Iams (Associate/ Technology and Life Sciences Transactions); Connor T. Evans (Associate/ Commercial Litigation and Disputes) and Dominique Hall (Associate/ Commercial Litigation and Disputes); Eric M. Grosshandler (Counsel/ Tax); Scott J.F. Goldstein (Counsel/ Insurance); and Renaud Poizat (Managing Associate/ Securities Enforcement and Regulatory).

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