American Midstream to Merge with JP Energy, Creating a Diversified Midstream Business October 2016
A Strategic Merger AMID and JPEP to merge forming a 2 billion midstream business AMID and JPEP to merge, creating a diversified midstream partnership American Midstream Partners (AMID) and JP Energy Partners (JPEP) have executed a…
Transaction at a Glance AMID to issue units to JPEP unitholders at 0.5775x exchange ratio Transaction Overview Management Other AMID units issued to JPEP public unitholders ArcLight & Affiliates Investors at 0.5775x:1 exchange…
Enhanced Midstream Platform Creating a diversified midstream platform through the combination 5 5
Substantial Benefits Expected Significant expected benefits to unitholders of both JPEP and AMID Support: Consolidates support by ArcLight into one vehicle Growth: Facilitates mid-single digit distribution growth over the long-term…
Increase Scale & Diversification Larger scale grows our opportunity in the market Enhancing Our Competitive Position Through Scale Significantly expands company size and service offerings - 185 million pro-forma 2016 Adjusted EBITDA…
Leverage Complementary Assets A clear strategy for midstream opportunities across the value chain Develop Commercial and Participate in Entire Value Extend Customer Reach Acquisition Opportunities Chain Enhance critical mass with…
Strengthen Financial Position Improved capital position coupled with a strong financial base Improved Capital Position Scale enhances access to greater sources of capital to support growth Pro-forma for the transaction, AMID will…
New Platform Enhances Growth Potential Acquisition-focused growth strategy provides significant opportunity 1 2 Pursue Acquisitions Invest Organically Enhanced relationship with ArcLight through Expand integrated offshore Gulf…
Strategic Highlights Transformative transaction creates a diversified midstream business 185 million expected pro-forma Adjusted EBITDA, 2B enterprise value Increase Scale Enhances access to sources of capital; adds flexibility to…