Porter Hedges Represents Par Pacific in $70M+ Acquisition of Cenex® Zip Trip Retail Locations in Washington and Idaho
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.
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.