Height Securities Advises Hess Infrastructure Partners LP on Divestment of CPC-1232 Railcar Fleet
Height Securities, LLC (“Height”) served as sole financial advisor to Hess Tank Cars LLC, a wholly-owned subsidiary of Hess Infrastructure Partners LP, on the sale of 956 CPC-1232 railcars. The transaction closed March 9th, 2018, and the assets were purchased by an unnamed buyer for an undisclosed price.
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 Hess Infrastructure Partners LP:
Hess Infrastructure Partners LP is a midstream energy joint venture between Hess Corporation and Global Infrastructure Partners. The Partnership owns various operating companies that provide a diverse mix of midstream oil and natural gas services in the core of the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota. The Partnership also owns a 100% interest in the general partner of Hess Midstream Partners LP, a publicly traded master limited partnership.
If you would like more information about this topic, please contact Michael Grabenstein at 202-629-0013 or mgrabenstein@heightllc.com.