Bracewell Represents Financial Advisor in Acquisition of Blueknight Energy Partners by Ergon

HOUSTON – Bracewell LLP represented Evercore, financial advisor to the Conflicts Committee of the Board of Directors of Blueknight Energy Partners G.P., L.L.C., the general partner of Blueknight Energy Partners, L.P., regarding a definitive agreement and plan of merger pursuant to which an affiliate of Ergon, Inc. would acquire all of the outstanding common and preferred units of Blueknight not already owned by Ergon and its affiliates. The agreement follows the offer made by Ergon in October 2021 to acquire the public common units and public preferred units.

Blueknight (Nasdaq: BKEP and BKEPP) is a publicly traded master limited partnership that owns the largest independent asphalt terminalling network in the country. Operations include 9 million barrels of liquid asphalt storage capacity across 54 terminals and 26 states throughout the United States. Blueknight is focused on providing integrated terminalling solutions for tomorrow’s infrastructure and transportation end markets.

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Bracewell lawyers involved in this transaction included:

Partner: Will Anderson