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Boardwalk Pipeline Partners Lands PL Midstream

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Business Wire
August 17, 2012

Boardwalk Pipeline Partners, LP (BWP) announced that it has formed a joint venture with an affiliate of its general partner, which has entered into a definitive agreement to acquire PL Midstream LLC from PL Logistics LLC, a portfolio company of Lindsay Goldberg, LLC, for $625 million in cash, subject to customary adjustments.

The PL Midstream acquisition supports our long-term growth strategy of diversifying into industries that complement our core natural gas pipeline and storage businesses,” said Stan Horton, Boardwalk’s President and CEO. “This acquisition enables Boardwalk to enter the natural ...

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