HOUSTON – Troutman Pepper Locke represented Sallyport, an operationally focused lower middle-market private equity firm, in its investment in Submar, LLC, a Louisiana-based pipeline erosion remediation business. For more information, see the press release.
Submar is a leading provider of primarily onshore pipeline erosion remediation, with additional offshore deployment capabilities. The company serves a nationwide base of blue-chip energy and infrastructure operators through long-standing, recurring customer relationships. This investment represents the third platform investment in Sallyport’s flagship fund, Sallyport Partners Fund, LP.
The Troutman Pepper Locke team that advised Sallyport was led by Jennie Simmons and Shumaila Dhuka with support from Ashanty De Luna, Jason Ulezalka, Jerry Higdon, Elizabeth Casey, Matthew Divis, Patrick Archambault, Grace Elliott, and John Nelson.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys regularly handle strategic deals for Fortune 100 corporations and middle market transactions for private equity clients. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling.
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