AVAIO Capital to acquire Mexico Pacific.

Private equity firm AVAIO Capital agreed to acquire Mexico Pacific, a North American Pacific Coast provider of LNG. As part of this transaction, Tortoise Capital Advisors co-invested new capital in the business to fund MPL’s continued development. Financial terms were not disclosed. “Demand for a Pacific Coast of Mexico export outlet for US shale gas is proven, and we are excited to acquire control of MPL, the only other LNG project on the west coast of North America that can serve as an outlet for US shale gas that has all its major permits in place. This transaction serves as an exciting inflection point for MPL. We look forward to completing the final engineering and taking FID before the end of 2020,” Mark McComiskey, partner at AVAIO.