Genesis Energy, L.P. (GEL) announced that Quintana Capital Group, an energy-focused private-equity firm headquartered in Houston, Texas, has completed its transaction with Denbury Resources Inc. (DNR) to acquire all of Denbury's Class A membership interests in our general partner for cash.
As a result of this transaction, Quintana and its co-investors control our general partner, and members of the Davison family and our management team are minority investors. Certain members of the Davison family currently own approximately 30% of our outstanding common units and Denbury currently owns about 10% of our outstanding common units, Genesis said.
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