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.
For more information visit www.americanmidstream.com