Porter Hedges represented Sooner Inc. ("Sooner"), a member of Marubeni-Itochu Steel Group, one of the largest suppliers of Oil Country Tubular Goods ("OCTG") in the US, in its purchase agreement to acquire 100% of equity interests in CTAP, LLC ("CTAP").
The Porter Hedges team was led by Corey Brown with tax advice provided by Jim Reardon.
Sooner, established in Tulsa, Oklahoma in 1937, is one of the world’s largest OCTG distributors and logistics service providers in the oil and gas industry. The company manages the entire supply-chain of OCTG products and services, from mill-roll to the well-bore.
CTAP, established in 1986 and headquartered in Lafayette, Colorado, operates 11 service centers, exclusive of 3rd party locations, that are strategically located across the major oil and gas basins and are supported by a robust transportation and logistics network.
For additional information, see the Sooner press release here.