Dechert Advises on Court Square's Sale of Offen to Sunoco

Dechert LLP advised Court Square Capital Partners and Offen Petroleum on the recent all-cash acquisition of Offen Petroleum by Sunoco LP valued at approximately US$600 million.

Colorado-based Offen Petroleum is a distributor of a range of commercial and industrial fuels and lubricants, as well as retail gasoline outlets. The company delivers approximately 2.5 billion gallons annually serving approximately 7,000 customers and over 800 retail stations across the Midwest, Mountain West and Southwest regions of the United States.
Court Square is a middle market private equity firm with more than 40 years’ experience in the industry and led Offen Petroleum through a strong add-on acquisition and consolidation strategy in the six years of its partnership.

Sunoco LP is a leading energy infrastructure and fuel distribution master limited partnership operating across 33 countries and territories in North America, the Greater Caribbean and Europe.

The Dechert team that advised Court Square Capital Partners and Offen Petroleum was led by corporate partner Eric Siegel and the core team included associates Verónica Casellas Santana, Joy Zhu, Michael Minsky and Christopher Lehmann.

The broader team included global tax partner David Passey and associates Insung Kim and Javier Pérez Rodríguez; environmental special counsel John Ix; antitrust partner James Fishkin and counsels Brian Hanna, Beverly Ang and William Kearney; national security partner Hrishikesh Hari; executive compensation partner Howard Klein; global finance partner Soo-ah Nah; intellectual property partner Thomas Rayski; and labor and employment counsel Jeffrey Rubin.

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