Nut Tree Capital and Caspian Capital to acquire Martin Midstream Partners for $176m.

Nut Tree Capital and Caspian Capital, two hedge funds, agreed to acquire Martin Midstream Partners, an energy firm, for $176m. "We believe our premium, all cash proposal would bring compelling and immediate value to unitholders of MMLP significantly in excess of MRMC's concerning and clearly conflicted offer. Notwithstanding our multiple attempts, the Conflicts Committee has thus far refused to meet with us regarding the merits of our proposal except to inform us that it would not engage with us unless the General Partner were to support our proposal, a step that we view as highly irregular given the interconnected relationships between MRMC, the General Partner, and MMLP," Jed Nussbaum, Nut Tree Chief Investment Officer and David Corleto, Caspian Partner.