CSI Compressco LP (NasdaqGS:CCLP) acquired Operating Business of Spartan Energy Partners, LP for $110 million on November 10, 2021. CSI issued 48,400,000 common units and assumed approximately $32.5 million in debt as consideration. The Conflicts Committee of the board of directors of the CSI Compressco GP LLC (CSI Compressco GP owned by Spartan Energy Partners) provided special approval for the terms of the contribution of the Spartan operations to the CSI Compressco. Jefferies Financial acted as financial and Vinson & Elkins acted as legal advisor to CSI Compressco. Will Anderson of Bracewell LLP acted as legal advisor to Evercore, financial advisor to the Conflicts Committee of the Board of Directors of CSI Compressco GP LLC.

CSI Compressco LP (NasdaqGS:CCLP) completed the acquisition of Operating Business of Spartan Energy Partners, LP on November 10, 2021. Bill Nelson of Shearman & Sterling LLP acted as legal advisor to CSI Compressco LP (NasdaqGS:CCLP) in the deal.