International law firm Milbank, Tweed, Hadley & McCloy, LLP represented SEACOR Holdings Inc. in two separate transactions, both closing on December 31, 2012. The sale of SEACOR Energy, Inc. and the combined Witt O’Brien represents two of the three transactions in which Milbank represented SEACOR Holdings Inc. in 2012.
Milbank Global Corporate partner David Zeltner led the team that represented SEACOR Holdings Inc. in the transaction to combine its O'Brien's Response Management subsidiary with Witt Associates to create Witt O'Brien's. The combination brings together the nation's leading preparedness, crisis management and disaster response and recovery organizations.
Additional attorneys on the Milbank team included Global Corporate partner Nicholas Smith, of counsel David Schwartz and associate Nehal Siddiqui.
Milbank also represented SEACOR Holdings Inc. in its sale of its energy trading division, SEACOR Energy Inc. (SEI) to Par Petroleum Corporation. With the sale of SEI, SEACOR is no longer involved in the crude oil trading business. SEACOR's subsidiary, Gateway Terminals LLC, will continue to operate its facility located on the Mississippi River to provide high speed clean petroleum product, shale oil and ethanol storage and transfer in and out of the terminal on water, by Gateway's unit train capabilities, or by truck.
The deal was led by Global Corporate partner Jane Morgan. Additional attorneys on the Milbank team included Global Corporate partners David Zeltner and Nicholas Smith and associates Kim Shah and Hannah Dworkis, tax partner Russell Kestenbaum and employee benefits partner Paul Wessel and associate David Mollo-Christensen.
Mr. Zeltner said, “We’re delighted to have advised SEACOR on these two important transactions, which came together right at year’s end. SEACOR plays such a major role in the offshore oil and gas and marine and aviation transport industries.”
