Venable clients Zachry American Infrastructure and Hastings Funds Management signed an agreement on July 11, 2014 to sell their joint interest in a liquefied natural gas facility in Freeport, Texas, to private equity firm Global Infrastructure Partners (GIP). Total gross proceeds from the transaction are expected to exceed $1.1 billion. Mark Vecchio
handled the transaction out of New York, with tax help from Brian O’Connor
. JPMorgan acted as Zachry and Hastings’ financial advisor, and GIP was represented by Latham & Watkins. The transaction is expected to close this fall.