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Genesis Energy Changes Ownership, Board

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October 9, 2012

Genesis Energy LP (NYSE: GEL) announced that certain members of the Davison family of Ruston, La., have made a third substantial investment in the partnership. The Davison family led an investor group that acquired 2,165,002 class A common units (or 2.7% of those outstanding) and 34,998 class B common units (or 87.5% of those outstanding) in a private placement from the Quintana Capital Group--a Houston-based private equity fund--and certain of its affiliates and co-investors.

That transaction resulted in certain members of the Davison family, collectively, owning approximately 17.2% of the ...

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