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American Midstream Partners LP announces $60 million acquisition of blackwater midstream from an affiliate of arclight capital partners


Tuesday, 10 Dec 2013 04:06pm EST 

American Midstream Partners LP:Says the execution of a merger agreement to acquire Blackwater Midstream Holdings, LLC, from an affiliate of ArcLight Capital Partners, LLC (ArcLight) for an aggregate purchase price of $60 million, subject to certain purchase price adjustments.Says purchase price is payable in a combination of cash and about $3.0 million of American Midstream common units, and the aggregate consideration includes the payoff of existing indebtedness of Blackwater.Says acquisition includes Blackwater`s three operating terminal sites located in Westwego, Louisiana; Brunswick, Georgia; and Salisbury, Maryland. 

Company Quote

19.81
-0.49 -2.41%
26 Dec 2014