Davis Polk is advising Kissner Group Holdings LP, a portfolio company of Metalmark Capital, in connection with its $225 million acquisition of US Salt, LLC from Crestwood Equity Partners LP. The transaction is expected to be completed by the end of 2017.
Headquartered in Overland Park, Kansas, Kissner is a vertically integrated bulk salt and specialty packaged salt producer focused on governmental and commercial customers in the Great Lakes, Great Plains and Midwest regions. Metalmark Capital is a private equity firm that seeks to build long-term value through active and collaborative partnerships with business owners, founders, and executives. Founded in 1893, US Salt utilizes solution mining to create salt brine from underground deposits lying 2,000 to 2,800 feet beneath the surface.
The Davis Polk corporate team includes partner Michael Davis and associates Evan Rosen and Arthi Sridharan. Counsel Hilary Dengel is providing credit advice. Partner Kathleen L. Ferrell and counsel Ethan R. Goldman are providing tax advice. Counsel Cynthia Akard is providing executive compensation advice. Counsel David A. Zilberberg and associate Michael Comstock are providing environmental advice. Associate Gregory A. Goldman is providing real estate advice. Members of the Davis Polk team are based in the New York and Northern California offices.