Summit Midstream-backed Energy Capital completed the acquisition of Summit Investments for $35m..

Summit Midstream-backed Energy Capital Partners completed its acquisition of Summit Investments, an operator of midstream energy infrastructure assets, for $35m. "SMLP's announcement to acquire our general partner interests, place SMLP's control in the hands of a majority independent board and concurrently suspend our common distributions as well as payment on our preferred distributions sets up SMLP for long-term success. The suspension of approximately $76 million of common distributions and cash payment of our preferred distributions combined with the $35 million loan from ECP enhances SMLP's near term liquidity position and creates significant financial flexibility to help the business navigate through a turbulent and volatile time for the entire oil and gas industry," Heath Deneke, Summit Midstream President and CEO.