One-Page Deal Sheet
American Midstream Partners, To Acquire a Majority Interest in Chatom Midstream Assets
American Midstream Partners Lp Quantum Resources Management, Llc
Announced Date
June 01,2012
Location
Country
United States
State
Alabama
Transaction Details: Require Private Equity Subscription
American Midstream Partners, announced the execution of a purchase and sale agreement to acquire 87.4% of the Chatom Processing and Fractionation Plant and associated gathering infrastructure from affiliates of Quantum Resources Management, LLC for $55 million in cash. Upon closing, the transaction is expected to be immediately accretive to American Midstream's distributable cash flow per unit and result in an increase in distributions per unit of approximately 10 percent beginning with the third quarter 2012 distribution.
Chatom consists of a 25 million cubic feet per day refrigeration…
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