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.

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
Mortgage Related Securities
Public Finance
Revenue Bond Financing
Fintech

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Leah Sanzari Partner Structured Finance, Asset Backed Securities

New York

Leah Sanzari acts as counsel to issuers, underwriters, servicers, placement agents and investors in connection with both public offerings and private placements.

She has experience in a wide variety of asset-backed securities, with a particular emphasis on residential mortgage transactions, esoteric assets including tax liens, PACE liens, oil & gas securitizations and resecuritizations. Leah has worked with numerous borrowers and lenders on financing and warehouse facilities for mortgages and esoteric assets and has represented both sellers and buyers of portfolios of assets, including mortgages and esoteric assets.

Leah advises a number of financial institutions and government agencies with regard to the implications of financial markets regulation, as well as in connection with complex capital markets, debt financing and other transactions.

Leah’s recent experience includes co-leading transactions representing the noteholders in two innovative securitizations of oil and gas wellbore assets of Raisa Energy, an EnCap portfolio company, and Diversified Gas & Oil, an AIM-listed public company.

She is a part of the Financial Institutions Industry Group, a multi-practice global group of partners who have client relationship responsibilities for financial institutions around the world.

Leah Chairs Orrick’s Women’s Initiative.

David Schwartz Partner, Mergers & Acquisitions, Corporate

New York

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

Practice:

Life Sciences Sector
Mergers & Acquisitions
Corporate
Corporate Governance
Capital Markets

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David Schwartz Partner Mergers & Acquisitions, Corporate

New York

David’s practice focuses on M&A transactions and providing strategic advice to an array of clients and industries. His practice is built on relationships – and he is passionate about working closely with clients to gain a deep appreciation of their business culture, operations, and objectives. David prides himself on serving as a trusted advisor who delivers valued execution and results.

David regularly advises clients on complex M&A transactions, including:

private and public deals, including de-SPAC transactions, hostile and negotiated transactions, special committee representations and affiliated transactions, and corporate defense advice and proxy contests;
domestic and cross-border transactions with a worldwide reach; and
buy-side and sell-side representations.