One-Page Deal Sheet
JP Energy Subsidiary Eyes Eagle Ford, Permian Transportation Assets
JP Energy Partners LP Highway Pipeline Inc.
Announced Date
September 20,2013
Transaction Type
Corporate
Location
Region
Permian,Gulf Coast - South Texas
Country
United States
State
Texas
Play
Transaction Details: Require Private Equity Subscription
JP Liquids LLC, a subsidiary of JP Energy Development LP, has entered into a definitive agreement to acquire substantially all of the assets of Highway Pipeline, Inc. (HPI).
HPI is engaged in the transportation of natural gas liquids by tank truck in the Eagle Ford and Permian Basin.
HPI has established a reputation for outstanding service and flexibility to meet its customers’ needs. HPI also has an excellent safety record, which it has maintained through its rapid growth over the last 5 years. Many of the employees from HPI will continue with JP Energy, including HPI’s managing partner Mike…