Blank Rome Represents Tallgrass MLP Operations, LLC in its Acquisition of Ruby Pipeline, LLC
A Blank Rome team represented Tallgrass, a Blackstone-affiliated energy and infrastructure company, in its acquisition of Ruby Pipeline through a competitive auction process supervised by the Delaware Bankruptcy Court. The transaction involved cash consideration of approximately $290 million, and closed on January 13, 2023.
Ruby, the owner of a 683-mile interstate natural gas pipeline that extends from Wyoming to Oregon, filed for bankruptcy protection in March 2022. The acquisition enabled the newly reorganized Ruby entity to emerge from bankruptcy protection under Tallgrass’ ownership. Tallgrass’ acquisition of Ruby adds approximately 1.5 billion cubic feet of natural gas capacity to the Tallgrass pipeline portfolio and enhances natural gas service to West Coast markets.
For more information, please read Tallgrass Completes Ruby Pipeline Acquisition (press release, January 17, 2023).
The Blank Rome team was led by David E. Kronenberg, Emanuel Faust, John E. Lucian, Regina Stango Kelbon, and Nina Bianchi Skinner, with substantial assistance from Ashley N. Catalano-Leckerman, Emma T. Pachon, and Nora E. Tidey, and assistance from Mark R. Haskell, Brett A. Snyder, Lamiya N. Rahman, Margaret Anne Hill, Stephen C. Zumbrun, Jeffrey Rosenfeld, Daniel R. Blickman, Peter M. Melampy, Jeremy A. Rist, Michael J. Medveckus, Samuel H. Becker, Michael B. Schaedle, Jennifer J. Daniels, Anthony Rapa, Jon Grossman, Megan R. Wood, Lawrence R. Thomas III, Jordan Williams, and Riki McGettigan.