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American Midstream Highlights Acquisitions; Aims to Continue Growth
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American Midstream Partners, LP reported financial results for the three months and year ended December 31, 2013.
Business Highlights Blackwater AcquisitionOn December 17, 2013, the Partnership completed the acquisition of Blackwater for approximately $60 million. Blackwater operates 1.3 million barrels of storage capacity across four terminal sites located in Westwego, Louisiana; Brunswick, Georgia; Harvey, Louisiana; and Salisbury, Maryland. These terminal sites provide storage services to support various commercial customers, including commodity brokers, refiners, and chemical manufacturers, to store a range of products, including crude oil, bunker fuel, distillates, chemicals and agricultural products.
In conjunction with the acquisition, the Partnership issued 2,568,712 common…
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