Davis Polk Advises Williams on the Sale of Williams Partners’ Four Corners Area Business to Harvest Midstream
Davis Polk is advising Williams on its $1.125 billion combined sale of assets and equity comprising Williams Partners L.P.’s Four Corners Area business in New Mexico and Colorado to Harvest Midstream Company. The transaction is subject to customary closing conditions and is expected to close in the second half of 2018.
Williams is a premier provider of large-scale infrastructure connecting U.S. natural gas and natural gas products to growing demand for cleaner fuel and feedstocks. Headquartered in Tulsa, Oklahoma, Williams owns approximately 74% of Williams Partners L.P., an industry-leading, large-cap master limited partnership with operations across the natural gas value chain. Harvest Midstream Company, formerly Harvest Pipeline Company, is a privately held midstream services provider based in Houston, Texas.
The Davis Polk corporate team includes partners Louis L. Goldberg and Oliver Smith and associates Laura C. Turano and Heather Weigel. Partner Howard Shelanski is providing antitrust and competition advice. Partner Avishai Shachar is providing tax advice. Partner Brian D. Hirsch and associate Kimberly (KyungEun) Won are providing real estate advice. Counsel Betty Moy Huber is providing environmental advice. Partner Kyoko Takahashi Lin is providing executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.