NGL Energy makes $200M deal
TULSA — NGL Energy Partners LP has entered into an agreement to acquire a Denver-based terminalling and transportation company for $200 million in cash. NGL Energy also will pay an additional amount for inventory that will change hands when the deal with affiliates of Morgan Stanley closes. The deal for Morgan Stanley’s general partner interest in TransMontaigne Partners LP is expected to close in the third quarter.
JPMOrgan sets OK banking chief
TULSA — JPMorgan Chase & Co. has named Oklahoma native Zack Zuhdi as the head of its Private Banking business in Oklahoma. J.P. Morgan’s private wealth management serves wealthy clients. “With its rapidly expanding energy industry, Oklahoma offers tremendous growth prospects for our wealth management business,” said Elaine Agather, regional head of J.P Morgan Private Bank. “Zack is an excellent and energetic leader who has a great love for his home state and the people who live there.” Zuhdi graduated from Heritage Hall High School and the University of Miami. He obtained his MBA from Oklahoma City University. He started his career as a financial advisor in 2002. Zuhdi will have offices in Tulsa and Oklahoma City with management responsibilities across the state.
Citizens Bank holds ‘cash mob’
EDMOND — This week, 72 Citizens Bank of Edmond employees will be given $20 to spend at their discretion for services at Kennedy Tire & Auto, 530 W Edmond Road. It is the second time bank employees have spent a week spending money at a local business during the bank’s cash-infusion events. Bank President and CEO Jill Castilla said the local care car center’s longevity in the community and its success are worth extending the celebration. “Kennedy Tire & Auto has provided great service in Edmond for 40 years, and that level of dedication to excellence makes them the perfect choice for a super-sized cash mob,” Castilla said. “There's no better way to support a deserving local business than to throw a lot of money their way.” Citizens Bank of Edmond started its “Cash Mobs” in 2013 as a chance to show support for the community and its homegrown businesses.
OU law students win scholarship
NORMAN — Oklahoma-based law firm Crowe & Dunlevy has selected two first-year University of Oklahoma College of Law students as the 2014 Minority Scholars Program scholarship recipients in the amount of $4,000 each. Caitlin A. Buxton and Marcus David Alexander Pacheco recently accepted the scholarships at an OU College of Law reception. The Minority Scholars Program at Crowe & Dunlevy provides assistance for minority students who qualify based on academic achievement, financial need and commitment to the law. “Crowe & Dunlevy has long been committed to promoting diversity in the legal profession. In pursuit of this core value, our firm supports the next generation of diverse legal professionals through scholarships, mentorships and other assistance,” said Will Hoch, a director in Crowe & Dunlevy’s Oklahoma City office and co-chair of the firm’s diversity committee. Buxton is involved in the Organization for the Advancement of Women in Law, the Public Interest Law Student Association, the Phi Alpha Delta Law Fraternity and the Art & Cultural Heritage Law Student Association. Pacheco is a recipient of the Frank & Edna Asper-Elkouri Scholarship and is a member of the Sports and Entertainment Law Society. The Minority Scholars Program scholarships may be renewed for a recipient in each of the two remaining years of law school, based on satisfactory progress and performance.
From Staff Reports