Porter Hedges represented Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) in an agreement to acquire 33 Cenex® Zip Trip convenience stores from CHS Inc. for approximately $70 million plus the agreed value of inventory at closing. The transaction is expected to close in the first quarter of 2018, subject to customary closing conditions and other approvals.
The Porter Hedges team included James Cowen, Kevan Richards and Jason Canaras. Craig Bergez, Beverly Young, Adam Nalley, Ashley Prieto and Sherie Hollinger also provided assistance on the transaction.
Par Pacific Holdings, Inc., based in Houston, Texas, owns, manages and maintains interests in energy and infrastructure businesses. Par Pacific's strategy is to identify, acquire and operate energy and infrastructure companies with attractive competitive positions.
For additional information, please see the Par Pacific press release here.