Orrick Advises Centerline Logistics on Its Acquisition of Saltchuk Marine Services’ California Ship Refueling Business

January.12.2021

A cross-practice Orrick team advised Centerline Logistics (formerly Harley Marine Services) on its acquisition of Saltchuk Marine Services’ California ship refueling business. The acquisition, which includes six bunker barges and certain established customer contracts, is expected to expand Centerline’s existing refueling operations in the California market substantially.

Centerline Logistics was founded in 1987 as an oil transportation business focused primarily on providing ship refueling and general petroleum transportation. Founded in 1889, Saltchuk Marine Services is wholly owned by Saltchuk, a privately owned family of diversified transportation and distribution companies headquartered in Seattle.

Our cross-practice team included lawyers from our Structured Finance, MAPE, Antitrust & Competition, White Collar, Compensation & Benefits and Tax teams, and was led by partners Leah Sanzari and David Schwartz. The team also included partners Amy Ray, John Narducci and Robert Stern and associates Elizabeth Elias, Ramy Shweiky, Keith Tidwell, David Gold, Jamie Kamen, among others.

Related Lawyers

Leah Sanzari Partner, Structured Finance, Asset‐Backed Securities

New York

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D:+1 212 506 3798
E: [email protected]

Practice:

Finance Sector
Structured Finance
Asset‐Backed Securities
Banking & Finance
Equity Capital Markets
Residential Mortgage‐Backed Securities
Public Finance
Revenue Bond Financing
Fintech

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Leah Sanzari Partner

New York

Having long represented issuers of asset backed securities and drawing on that experience, today, in addition to issuer representation, Leah’s practice includes a significant focus on investor-side representation. Leah represents both issuers and investors in complex deals of first impression and brings a unique, creative approach to securitization transactions, with deal execution as top priority.

Leah and her team have pioneered proved developed producing (PDP) oil & gas wellbore securitizations, acting as investor counsel on substantially all of the transactions that have been executed in the market to date. Also a pioneer of the C-PACE market, Leah regularly advises the top C-PACE issuers in both 144A and 4(a)(2) transactions, including Greenwork Lending’s first Rule 144A Commercial PACE securitization which was recognized as the 2022 Esoteric ABS Deal of the Year by GlobalCapital. Leah also advises on novel IP securitizations related to musical composition, sound recording copyrights, television and other royalties. Most recently, Leah represented the investors in the groundbreaking securitization by Syco Entertainment of intellectual property in the “Got Talent” franchise.

Leah’s experience further extends to a wide variety of other esoteric assets, including tax liens, diamond receivables, participations, tax credits, solar and wind ground leases and whole business operating company securitizations.

Recognized in Band 1 of Chambers USA Nationwide Securitization: PACE, Leah is described by clients as “one of the best lawyers that I have worked with” and someone who “fights tooth and nail for her clients.” Resources for the Legal 500 USA directory have called Leah “the best there is in esoteric financing products and bonds,” and note they are “incredibly impressed with the gender diversity on the team. Extremely ethical – name carries a lot of weight with investors.”

David Schwartz Partner, Capital Markets, Corporate Governance

New York

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D:+1 212 506 5038
E: [email protected]

Practice:

Life Sciences Sector
Capital Markets
Corporate Governance
Mergers & Acquisitions

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David Schwartz Partner

New York