Caspian Capital, LP and Nut Tree Capital Management, LP entered into a letter of intent to acquire Martin Midstream Partners L.P. (NasdaqGS:MMLP) for $160 million on June 21, 2024. The transaction is not subject to any financing condition and would be financed through capital on hand. Latham & Watkins LLP and Olshan Frome Wolosky LLP are serving as legal counsel to Nut Tree and Caspian.