Baird served as a co-manager in this offering
AboutGenesis Energy, L.P. (NYSE:GEL) (the “Partnership”) recently completed a follow-on offering of 8,500,000 common units of its limited partnership interests at a price of $26.30 per unit. The offering generated $223.6 million of gross proceeds. The Partnership intends to use the net proceeds for general partnership purposes, including funding a portion of the purchase and related transaction costs for GEL’s previously announced pending acquisition of the black oil barge transportation business of Florida Marine Transporters, Inc. and its affiliates.
Genesis Energy is a growth-oriented master limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States, primarily Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida and in the Gulf of Mexico. Genesis Energy has a diverse portfolio of customers, operations and assets, including pipelines, refinery-related plants, storage tanks and terminals, barges and trucks. The Partnership provides an integrated suite of services to oil and CO2 producers; refineries; industrial and commercial enterprises.
For additional information about this transaction, please contact:
- July 2011
- Genesis Energy, L.P.
- Target Location
- North America