Bracewell Represents Affiliate of Argo Infrastructure Partners in Acquisition of Interests in Hudson Transmission Partners

HOUSTON – Bracewell LLP is representing an investment vehicle managed by Argo Infrastructure Partners, LLC in an agreement to acquire interests in Hudson Transmission Partners, LLC (HTP) from Ares EIF, the power and infrastructure strategy at Ares Management, L.P., and Starwood Energy Group Global, LLC, a leading private investment firm focused on energy infrastructure. Financial details were not disclosed.

HTP is a joint venture formed solely to develop, construct, operate and maintain the Hudson Transmission Project, a 660 MW electric transmission link between New York City and the Pennsylvania-New Jersey-Maryland (PJM) Interconnection via a subsea cable beneath the Hudson River. The developer of the Hudson Project, a subsidiary of PowerBridge, LLC of Fairfield, Connecticut, will continue to operate and maintain the asset on behalf of Argo Infrastructure and other stakeholders.

The transaction is subject to customary regulatory approvals and is expected to close later in 2018 or in early 2019.

Argo Infrastructure Partners is an independent investment manager with a long-term approach to infrastructure investing. Argo seeks investments in high-quality physical assets providing essential services.

Bracewell lawyers involved in the transaction include:

Partners: Cathy P. McCarthy, Jason B. Hutt, Tony L. Visage, Elizabeth L. McGinley, Lance W. Behnke, Bruce R. Jocz and Daniel E. Hemli

Senior Principal: Joshua C. Zive

Of Counsel: R. Joe Hull

Counsel: David J. Harty

Associates: Blake Urban, Christie L. Latimer and Catherine B. Engell