An affiliate of ArcLight Energy Partners Fund V is to acquire American Midstream Partners, the company has announced. American Midstream entered into a definitive agreement and plan of merger with the affiliate. 

The purchaser will acquire, for cash, all outstanding common units of the Partnership not already held by affiliates of ArcLight, at a price of $5.25 per common unit.

The merger is expected to close in the second quarter of 2019.

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19th March 2019