Ergon’s Acquisition of Blueknight Energy Partners

Baker Botts represented Ergon on the deal while Bracewell advised Evercore.

Blueknight Energy Partners, L.P. (Nasdaq: BKEP and BKEPP) announced a definitive merger agreement pursuant to which an affiliate of Ergon, Inc. (“Ergon”) will acquire all of the outstanding common and preferred units of Blueknight not already owned by Ergon and its affiliates. The transaction is structured as an all cash transaction, whereby common unitholders will receive $4.65 for each Blueknight common unit and preferred unitholders will receive $8.75 for each Blueknight preferred unit. Following consummation of the merger, Blueknight will become a wholly owned subsidiary of Ergon.

The Baker Botts team included: Joshua Davidson (Partner, Houston, Picture); Jamie Yarbrough (Senior Associate, Houston); Catherine Ellis (Associate, Houston); Rob Cowan (Associate, Houston); Michael Bresson (Partner, Houston); Jared Meier (Senior Associate, Houston); Jason Loden (Partner, Dallas).

The Bracewell team was led by Will Anderson.

Involved fees earner: Catherine Baker Ellis – Baker Botts LLP; Michael Bresson – Baker Botts LLP; Robert Cowan – Baker Botts LLP; Joshua Davidson – Baker Botts LLP; Jason Loden – Baker Botts LLP; Jared Meier – Baker Botts LLP; Jamie Yarbrough – Baker Botts LLP; William Anderson – Bracewell LLP;

Law Firms: Baker Botts LLP; Bracewell LLP;

Clients: Ergon, Inc.; Evercore Inc.;

Martina Bellini

Author: Martina Bellini