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Boardwalk Louisiana Acquires Natural Gas Pipeline Assets In Louisiana From Varibus


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.

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