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Slide #81. American Midstream Partners, LP — Interest in American Midstream from AIM Midstream Holdings
American Midstream Partners, LP (AMID)
Interest in American Midstream from AIM Midstream Holdings
American Midstream Partners, LP today announced that High Point Infrastructure Partners, LLC ("High Point"), a portfolio company of ArcLight Capital Partners, LLC ("ArcLight"), acquired 90% of American Midstream GP, LLC, the general partner of American Midstream, and 100% of the subordinated units of American Midstream, from AIM Midstream Holdings, LLC, an affiliate of American Infrastructure MLP Funds, LP ("AIM"). The transaction resulted in a change of control of American Midstream.
American Midstream Partners owns, operates, develops and acquires a portfolio of midstream energy assets. Co.'s segments include: Gas Gathering and Processing Services, which provides wellhead-to-market services to producers of natural gas and natural gas liquids; Liquid Pipelines and Services, which purchases and sells crude oil and provides crude oil gathering and transportation services; Natural Gas Transportation Services, which transports and delivers natural gas for shippers and other customers; and Offshore Pipelines and Services, which gathers and transports natural gas and crude oil to other pipeline interconnects, onshore facilities and other delivery points.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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