Nothing but negotiation

 
The Gap Partnership

NGL Energy Partners plans High Sierra Energy merger

Tortoise Capital Resources' High Sierra Energy has signed a new deal with NGL Energy Partners.

22 May 2012

Tortoise Capital Resources (TTO) has announced its largest portfolio company High Sierra Energy and its affiliates (HS) have entered into an agreement with NGL Energy Partners.

It is expected to close at the beginning of next month and is subject to various closing conditions, which could mean the expertise of those with negotiation skill is required.

TTO owns both General Partnership and HS Limited Partnership interests and expects that it will receive $9.2 million (£5.8 million) in cash and 1.2 million NGL units when the deal is finalised.

President of TTO Ed Russell said: "The management team at HS has done a terrific job and we believe NGL is a great partner to continue to build out its midstream strategy."

The merger will enable TTO to continue with its strategy of offering lease-based financing for pipeline, storage and power transmission assets.

HS aspires to be one of the top midstream companies in the energy industry and hopes to double its value by 2014.

Posted by David Gleck

Source: Tortoise Capital Resources press release, May 21st

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more


July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more


April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more


February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more


December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more