WASHINGTON, Oct. 10, 2017 /PRNewswire/ -- Height Securities,
LLC ("Height") served as sole financial advisor to Sprague
Resources LP ("Sprague") (NYSE: SRLP) during its acquisition of
membership interests in Coen Energy, LLC and Coen Transport, LLC,
as well as assets consisting of four bulk plants and underlying
real estate (collectively, "Coen Energy").
Height advised Sprague on various facets of the
transaction. The acquisition is Sprague's fifth of the year
and expands its footprint into the Marcellus and Utica basins,
particularly in the energy products and complimentary field
services industries.
Height is honored to have had the opportunity to advise an
impressive management team on its acquisition of one of the premier
commercial fuel distributors and service providers in the
region.
About Height Securities:
Height Securities is a Washington-based investment firm founded in
2009. Our core team has provided industry-leading research since
the early 2000s to institutional investors with positions in
companies and sectors with significant regulatory exposure. The
Height team has a well-established reputation for assisting clients
in effectively navigating regulatory, macroeconomic, and
geopolitical risks that impact investments and corporate operating
environments. In 2014, we launched our Investment Banking and
Advisory (IBA) group. From our headquarters in Washington, DC, we have a unique perspective
on financing opportunities for regulated industries, and have
become a leading financier and advisor in the space. Height
Securities, LLC is a broker-dealer registered with the Financial
Industry Regulatory Authority (FINRA) and the U.S. Securities and
Exchange Commission (SEC), and is a member of the Securities
Investor Protection Corporation (SIPC). For more information and
additional disclosures, please visit the Height Securities website,
at www.heightllc.com.
About Sprague Resources LP
Sprague Resources LP is engaged in the purchase, storage,
distribution and sale of refined petroleum products and natural
gas. The company also provides storage and handling services for a
broad range of materials. More information concerning Sprague
can be found at www.spragueenergy.com.
About Coen Oil Company, LLC
Founded in 1923, Coen Oil Company, LLC is the parent company of
Coen Energy, Coen Transport as well as Coen Markets, a leading
convenience store chain in the PA, OH, WV tri-state area, and Coen
Tire, a leading tire retailer in that same region. More information
can be found at coenoil.com.
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SOURCE Height Securities, LLC