Energy Transfer to Acquire WTG Midstream in a $3.25 Billion Transaction

Consideration for the transaction will be comprised of $2.45 billion in cash and approximately 50.8 million newly issued Energy Transfer common units.  The transaction is expected to close in the third quarter of 2024, subject to regulatory approval and customary closing conditions.

The Vinson & Elkins team was led by partner Lande Spottswood and senior associate Jordan Fossee, with assistance from associates Matt Fiorillo, Patrick Reintjes and Waleed Vohra. Other key team members included partner Matt Dobbins, counsel Corinne Snow and associate Simon Willis; partner David D’Alessandro, counsel Melissa Spohn and associate Cassandra Zarate; partners Jackson O’Maley, Sarah Mitchell and associate Walt Baker; partners Gary Huffman and Ryan Carney, senior associate Miron Klimkowski and associate Patrick Darby; counsel Rajesh Patel and senior associate Alexa Chally; partner Sean Becker and associates Peter Goetschel and Ashley Plunk; partner Darren Tucker, counsel Ryan Will and associate Rami Rashmawi; partners Bill Scherman, Jason Fleischer and counsel Mike Malenfant; partner Caitlin Turner, senior associate Frank George and associate Sara Johnson; and partner Courtney Hammond.