Gardere Assists Southcross with TexStar Acquisition

12 June 2014 News

Texas Lawbook covered Gardere's representation of Dallas-based Southcross Energy LLC in its acquisition of one-third of San Antonio-based TexStar Midstream Services LP assets for $450 million. The combination will form a new company called Southcross Holdings LP.

Gardere Partner Robert Sarfatis led the Gardere team in its representation of Southcross, along with Attorney Rick Jordan. Mr. Sarfatis said that the deal is unique because it combines two major Eagle Ford midstream companies that are backed by three preeminent private equity firms – Boston and New York-based Charlesbank Capital Partners, Washington, D.C.-based EIG Global Energy Partners and Dallas-based Tailwater Capital.

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