Stonehenge And UGI's Pine Run Gathering Acquires Superior Midstream Appalachian For $120M
Benzinga Newsdesk 1 year ago
M&A
Pine Run Gathering LLC ("Pine Run Gathering") announced today that it has completed a transaction to acquire Superior Midstream Appalachian, LLC ("Superior Appalachian") for $120 million subject to customary adjustments.
Pine Run Gathering LLC ("Pine Run Gathering") announced today that it has completed a transaction to acquire Superior Midstream Appalachian, LLC ("Superior Appalachian") for $120 million subject to customary adjustments. Pine Run Gathering is a joint venture owned by a subsidiary of Stonehenge Energy Resources III, LLC ("Stonehenge"), a portfolio company of Energy Spectrum Partners VIII LP, and UGI Corporation's wholly owned subsidiary, UGI Energy Services, LLC ("UGIES").