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NEW YORK, Oct. 23, 2012 /PRNewswire/ -- CSG Partners, LLC, the
New York-based boutique investment bank, served as the exclusive financial advisor to
Martin Resource Management Corporation (MRMC), in its recent transaction involving an Employee Stock Ownership Plan (ESOP) acquiring a minority interest in MRMC for approximately
$230 million. MRMC is a leading independent provider of marketing, distribution and transportation of hydrocarbon products and by-products and the owner of the general partner of publicly traded Martin Midstream Partners L.P. (NASDAQ: MMLP).
"CSG Partners is privileged to have advised MRMC on the ESOP transaction, which meets their corporate objectives and rewards their employees," said
George Thacker, III, Managing Director at CSG Partners. "The transaction was the culmination of two years of working with MRMC and its highly talented management team, and it's rewarding to see the company achieve this groundbreaking milestone. MRMC's choice of CSG Partners as exclusive financial advisor reflects our dedication to providing the nation's leading investment banking services for ESOP transactions."
"This ESOP transaction continues Martin Resource's long-term strategy of rewarding and investing in our employees who are critical to our company's success," explained
Ruben Martin, MRMC President and Chief Executive Officer. "We could not be more pleased with the solidified nature of our ownership structure going forward; and none of this could have been achieved without the assistance of CSG Partners. The CSG Partners team brought tremendous expertise, sophistication, and unwavering commitment to the process."
About CSG Partners
CSG Partners, LLC is a boutique investment bank specializing in ESOPs, mergers and acquisitions, and capital advisory services for middle-market companies. The firm has closed over 100 ESOP transactions for companies with an aggregate value exceeding
$7 Billion. CSG Partners is headquartered in
New York and has an additional office in
San Francisco. More information on the firm can be found at
About Martin Resource Management Corporation
Martin Resource Management Corporation, through its various subsidiaries, is an independent provider of marketing, distribution and transportation services related to hydrocarbon products and by-products, including molten sulfur, sulfur-based derivatives, fuel oil, natural gas liquids (NGL), asphalt, paper mill liquids, and other bulk tank liquids.