Please use a modern browser. This website is not designed for versions of Internet Explorer below IE10
masthead
masthead
masthead
masthead
menu
Terminal News

American Midstream and JP Energy complete merger

American Midstream and JP Energy complete merger
American Midstream Partners and JP Energy have successfully completed their previously announced merger.

Following the meeting of JP Energy unitholders, where a majority of them voted in favour of the agreement, American Midstream is now a large, more diversified midstream business operating in leading North American Basin.

The merged partnership will benefit from significantly improved scale and financial flexibility to invest in growth projects, third-party acquisitions and potential drop downs from affiliates of ArcLight Capital Partners.

Lynn Bourdon, president and CEO of American Midstream, says: 'Through this merger, American Midstream will emerge as a stronger company with higher growth, new business opportunities and a stronger financial position.

'This merger allows us to expand our service offerings from the well-head to the end user market. The combined company will have an enhanced growth strategy by offering customers a more comprehensive and competitive suite of services that enables us to capture incremental fee opportunities that strengthen margins and maximise returns to our unitholders.'



Share: