CSG Partners helps Martin Resource Management Corp. become 100% ESOP Owned
NEW YORK, Feb. 25, 2014 /PRNewswire/ -- CSG Partners, LLC, the New York-based boutique investment bank, served as the exclusive financial advisor to Martin Resource Management Corporation (MRMC), in a second stage transaction with its Employee Stock Ownership Plan (ESOP). Following the transaction, MRMC is now a 100% employee owned company. In 2012, CSG Partners helped the ESOP acquire a substantial minority interest in MRMC. MRMC is a leading independent provider of marketing, distribution and transportation of hydrocarbon products and by-products and the co-owner of the general partner of publicly traded Martin Midstream Partners L.P. (NASDAQ: MMLP),
"CSG Partners is honored to have advised MRMC on their second ESOP transaction, which meets their corporate objectives and expands their employee ownership," said George Thacker, III, Managing Director at CSG Partners. "This is an exciting time for MRMC as the ESOP structure will enable employees to share in the company's growth and future success."
In 2013, CSG received the ACG New York Champions' "M&A Deal of the Year ($200MM to $500MM)" award and the Global M&A Network's "North America M&A Deal of the Year – Middle Markets" for its role in in the first stage acquisition of MRMC by its ESOP.
Upon completion of the ESOP transaction, Ruben Martin, CEO of the Company, stated "We are delighted to further transition ownership of our company to our valued employees. We are now in our best position to ensure that MRMC continues to build upon a strong culture, passion, customer service, and commitment to our communities."
Greenberg Traurig LLP served as company counsel to MRMC, and was led by shareholders Jeffrey Kahn, Rebecca DiStefano, and Marc Baluda.
ABOUT MARTIN RESOURCE MANAGEMENT CORPORATION
Martin Resource Management Corporation (MRMC) through its various subsidiaries is an independent provider of marketing, distribution and transportation services related to hydrocarbon products and by-products, including molten sulfur, sulfur-based derivatives, fuel oil, natural gas liquids (NGLs), asphalt, paper mill liquids, and other bulk tank liquids.
ABOUT MARTIN MIDSTREAM PARTNERS L.P.
Martin Midstream Partners L.P. (MMLP) is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: terminalling and storage services for petroleum products and by-products; NGL distribution services; and the processing, manufacturing, marketing and distribution of sulfur and sulfur-based products; and marine transportation services for petroleum products and by-products.
ABOUT CSG PARTNERS
CSG Partners, LLC is a boutique investment bank specializing in ESOPs, mergers and acquisitions, and capital advisory services for middle-market companies. Our clients have spanned the full middle-market spectrum, with values ranging from $10 million to $600 million. Founded in 2001, the firm has built a reputation of having the nation's preeminent ESOP investment banking practice. The firm has closed over 140 ESOP transactions for companies with an aggregate value exceeding $9 Billion. CSG Partners operates from offices in New York and San Francisco. More information on the firm can be found at www.csgpartners.com, LinkedIn, and Twitter.
SOURCE CSG Partners, LLC