Akin Gump Advises Landmark Infrastructure Partners LP in Asset Acquisition from Landmark Dividend Growth Fund
(Houston) – Landmark Infrastructure Partners LP (the Partnership) announced it has signed an agreement to acquire 127 assets located in 32 states from Landmark Dividend Growth Fund – H LLC, an affiliate of the Partnership’s sponsor, Landmark Dividend LLC. Total consideration is $60.2 million, consisting of up to 1.5 million common units representing limited partner interests in the Partnership valued up to $28 million, and the remaining consideration in cash. Akin Gump advised the Partnership’s conflicts committee in the matter.
The acquisition is expected to be immediately accretive to the Partnership’s distributable cash flow, and is anticipated to close on or about January 18.
Christine LaFollette, partner in charge of Akin Gump’s Houston office and a partner in its energy practice, led the team. Others involved were tax partner Alison Chen, energy associates Cynthia Angell and Allyson Li, and real estate counsel Daniel Shlomi and practice attorney Stuart Graves.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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