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    Boardwalk Louisiana Acquires Natural Gas Pipeline Assets In Louisiana From Varibus


    September 22, 2021 - Marketline - Deals

     

      Deal In Brief

      Boardwalk Pipeline Partners LP, a company that transports and stores natural gas and liquids, through its subsidiary Boardwalk Louisiana Gas Transmission LLC, has acquired natural gas pipeline assets from Varibus LLC. The transaction has an effective date of September 9, 2021

      The acquisition enables Boardwalk to increase its footprint in the southwest Louisiana

      John Haynes, senior vice president of Boardwalk, said, “With this acquisition, Boardwalk is bringing greater supply diversity and enhanced liquidity to the growing energy needs of end-use markets in southwest Louisiana. We are pleased to successfully close this acquisition and look forward to providing reliable service to end-users previously served by Varibus and new industrial markets.”

      Deal Type Acquisition
      Sub-Category Asset Purchase
      Deal Status Completed: 2021-09-09

      Deal Participants

      Acquirer (Company) Boardwalk Louisiana Gas Transmission, LLC
      Vendor (Company) Varibus L.L.C.

      Deal Rationale

      The acquisition enables Boardwalk to increase its footprint in the southwest Louisiana.

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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