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Boardwalk Pipeline Acquires PL Midstream LLC

Boardwalk Pipeline Partners, Lp Not Disclosed
AnnouncedOct 1, 2012
TypeAsset
LocationHaynesville Shale,Haynesville-Bossier-CottonValley
Announced Date
October 01,2012
Transaction Type
Asset




Snapshot
Location
Region
Ark-La-Tex

Country
United States

State
Louisiana

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Boardwalk Pipeline Partners,  announced today that Boardwalk Acquisition Company, LLC, a joint venture with an affiliate of its general partner, has completed the previously announced acquisition of PL Midstream LLC from PL Logistics LLC, a portfolio company of Lindsay Goldberg, LLC, for approximately $625 million, subject to customary adjustments.

“Completing this acquisition strengthens our position as a diversified midstream energy company and further enhances our growth opportunities,” stated Stan Horton, Boardwalk’s President and CEO. “PL Midstream is a rapidly growing company with…

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