Martin Midstream Partners LP (NasdaqGS:MMLP) acquired Talen's Marine & Fuel, LLC from Quintana Capital Group, L.P. and others for approximately $100 million in cash on December 31, 2012. Under the terms of the deal, Martin Midstream Partners LP assumed a debt of $2.9 million. In a related transaction, Martin Midstream Partners sold certain working capital-related assets to Martin Energy Services LLC, a wholly-owned subsidiary of Martin Resource Management Corporation. Including the sale of the working capital-related assets to Martin Energy Services, Martin Midstream Partners has a net investment is approximately $47.4 million, subject to standard post-closing adjustments. The acquisition was funded under the Martin Midstream Partners' revolving credit facility. The combined transactions will add ten marine terminal locations between Houston/Galveston, Texas and Port Fourchon, Louisiana. The acquisition is expected to be accretive to Martin Midstream Partners. Peter and Ann Williams of Locke Lord Bissell & Liddell LLP acted as legal advisors for Martin Midstream, James Baker, Spencer Rippstein, Michael Sulton and Jackson Wise of Simmons & Co. Internationalavted as financial advisors and Jackson Wise and Chris Rowley of Vinson & Elkins LLP acted as legal advisor for Talen.

Martin Midstream Partners LP (NasdaqGS:MMLP) completed the acquisition of Talen's Marine & Fuel, LLC from Quintana Capital Group, L.P. and others on December 31, 2012.