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Hogan Lovells Represents DDC LPG in $200 Million Acquisition of NGL Energy Partner LP’s Retail Propane Business

09 November 2017

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Robert Snoddy

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+1 202 637 6826

Houston, 9 November 2017 – International law firm Hogan Lovells is advising Dublin, Ireland-based DCC plc (“DCC”), a leading international sales, marketing and support services group on an agreement to acquire a portion of NGL Energy Partners LP’s Retail Propane Business ( “NGL LPG business”) for $200 million in cash.

The acquisition represents DCC’s entry into the U.S. liquefied petroleum gas (“LPG”) market and is a further significant step in DCC’s strategy to build a global LPG business over time.  The acquisition of the NGL LPG business will provide DCC with a substantial, high-quality presence in the U.S. with leading market positions in a number of states.  After being in business for over 70 years, the NGL LPG business has an excellent customer base, a strong and well-invested operational infrastructure and an experienced management team.  The transaction is expected to close in the first quarter of 2018, and is subject to regulatory and other customary closing conditions.

The Hogan Lovells team was led by Energy partner Greg Hill and associate Lyndsay Montour.  Others on the team included: Tax partner Christine Lane, Energy counsel Liz Titus, Employee benefits senior associate Margaret “Meg” McIntyre, Employment associate David Mitchell,  Head of the firm’s Business Restructuring and Insolvency practice group for the Americas, Christopher Donoho, Litigation partner Aaron Crane, IP partner Taylor Evans, Real Estate partner Lea Ann Fowler, senior associate Sierra Russell and associate Jennifer Guzman,  Co-Chair of the firm’s global environmental practice, Scott Reisch and Energy partner Chris Schindler. Diligence was conducted by associates Andrew Brandes, Melissa Moravec, and Brittany Wolma.

Hogan Lovells has also advised DCC in acquisitions in Europe and Asia.

About Hogan Lovells

Hogan Lovells is a leading global legal practice providing business-oriented legal advice and high-quality service across its exceptional breadth of practices to clients around the world.

“Hogan Lovells” or the “firm” is an international legal practice that includes Hogan Lovells US LLP and Hogan Lovells International LLP. For more information, see www.hoganlovells.com.

 
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