Basalt Infrastructure Partners, an infrastructure equity investment fund focusing on investments in utilities, power, transport, and communications infrastructure, completed the acquisition of natural gas transmission business of Third Coast Midstream, a full-service midstream company. Financial terms were not disclosed. The Natural Gas Transmission Business includes 7 regulated natural gas lateral pipelines with total capacity of over 1.6k MDth per day, stretching approximately 550 miles. "This investment represents a rare opportunity to invest in a portfolio of demand-driven, regulated 'last-mile' natural gas pipelines serving utilities and other key end-user customers in the Southeastern United States. The business is strategically positioned to capture continued industrial growth in the region," David Greenblatt, Basalt Infrastructure Partners Partner.