Genesis Energy Sells Soda Ash Operations for $1.425 Billion
Deal News | Mar 05, 2025 | Paul Hastings
Paul Hastings LLP, a leading law firm, has successfully advised Genesis Energy, L.P., a Houston-based diversified midstream energy master limited partnership, in the sale of its soda ash manufacturing and related operations. The buyer, an affiliate of WE Soda Ltd, acquired the operations for an implied enterprise value of $1.425 billion. The legal advisory team at Paul Hastings was led by partners Chris Centrich and Patrick Hurley, who coordinated a comprehensive suite of legal services through specialized teams and partners including tax, finance, antitrust, CFIUS, environmental, labor, and benefits matters. This transaction underscores Paul Hastings' strong global execution capabilities and expertise across key legal practices.
Sectors
- Energy
- Chemical Manufacturing
- Legal Services
Geography
- United States – Genesis Energy, L.P. is based in Houston, Texas, indicating the primary geographical context of the transaction.
Industry
- Energy – Genesis Energy, L.P. operates as a diversified midstream energy master limited partnership, which is within the energy industry.
- Chemical Manufacturing – The sale involves soda ash operations, a key product in the chemical manufacturing industry.
- Legal Services – Paul Hastings LLP, a leading legal advisory firm, facilitated the transaction, highlighting the role of the legal services industry.
Financials
- $1.425 billion – The implied enterprise value for the sale of Genesis Energy's soda ash operations.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Genesis Energy, L.P. | Target Company | Company | Houston-based diversified midstream energy master limited partnership involved in the sale. |
| WE Soda Ltd | Bidding Company | Company | An indirect affiliate purchased the soda ash operations from Genesis Energy. |
| Paul Hastings LLP | Legal Advisor | Company | Premier law firm that advised Genesis Energy on the transaction. |
| Chris Centrich | Lead Partner | Person | Paul Hastings partner leading the advisory team on the transaction. |
| Patrick Hurley | Lead Partner | Person | Paul Hastings partner leading the advisory team on the transaction. |