Basalt completed the acquisition of the natural gas transmission business from Third Coast Midstream.

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.