NGL Energy Partners to sell marine assets for $111.65M in cash

NGL Energy Partners announced the signing of two definitive agreements to sell all of its marine assets for $111.65M in cash in the aggregate. NGL provided waterborne transportation of refined products and crude oil for a diversified group of customers which include major oil refineries on the Gulf Coast with these assets. NGL’s marine fleet consists of 13 towboats and 25 tank barges. The transaction is expected to close at the end of this month, subject to customary closing conditions.