WesPac Midstream LLC announces a corporate transaction by its founders
WesPac Midstream LLC announces a corporate transaction by its founders
Irvine, CA U.S.A. / May 23, 2016
WesPac Midstream LLC (‘WesPac”), a leading developer of LNG liquefaction projects and related land and marine logistics worldwide, today announced the completion of a transaction between Kealine Holdings LLC (“Kealine”) and other previous WesPac investors, primarily Highstar Capital LLC whereby certain units and project rights in the company have been exchanged, cancelled or redeemed.
Under the terms of an agreement approved by the shareholders on April 22, 2016, WesPac Midstream and its affiliates, including WesPac Midstream-Hawaii LLC, WesPac Midstream-Vancouver LLC, and WesPac Energy LLC, are wholly owned by Kealine, WesPac’s California-based founder and general manager since 1998. WesPac, through its original ownership, and highly experienced team, is continuing development of the Tilbury LNG Jetty Project, the Hawaiian Express LNG Delivery Project, and certain other LNG liquefaction, bunkering, and logistics projects around the world.
Dave Smith, President and CEO of WesPac commented “We are excited about this transaction and the opportunities before us. Our team is moving full speed ahead and making great progress with our project execution. We look forward to making some growth announcements in the near future.”
For inquiries, please contact:
Ben Thompson, Vice President, Commercial Development
WesPac Midstream LLC
(949) 222-1014