#USA #New York #Martin Midstream #Caspian Capital #MMLP

Caspian Capital's Perspective on Martin Midstream Partners L.P.

In a recent announcement, Caspian Capital L.P. expressed its strong support for Martin Midstream Partners L.P. (NASDAQ: MMLP) following the termination of a proposed merger with Martin Resource Management Corporation. Caspian highlighted the decision as reflective of the confidence that unitholders have in MMLP's independent operations and future value creation.

The announcement, dated March 11, 2025, marked a significant moment for both Caspian and MMLP. Caspian welcomed the news of the merger's termination, stating that it suggests a promising outlook for MMLP as a standalone entity. They reiterated their belief in the robust valuation potential for MMLP, which exceeds the merger's previously proposed purchase price. In essence, this indicates that Caspian Capital believes in MMLP’s intrinsic value, which can be maximized through standalone operations.

Caspian's statement clearly emphasized their backing for MMLP's business strategy and operations. They noted that significant opportunities lie ahead for MMLP, particularly in the near and medium terms, as the company continues to navigate its capital allocation and operational execution. By stepping away from any prior intentions to acquire MMLP, Caspian is pivoting its focus towards ensuring that MMLP leverages its position to enhance shareholder value effectively.