Argo Infrastructure Partners to acquire Corning Natural Gas for $150m.

Argo Infrastructure Partners, a private equity firm, agreed to acquire Corning Natural Gas, a natural gas distribution company, for $150m. “Argo has a substantial track record as a long-term investor in the energy and utilities sector and is excited about the opportunity to invest in Corning. We were attracted to Corning’s high quality asset base, leadership, and customer commitment. Our team’s decades of experience managing gas and electric utility investments, combined with our access to long-term capital, places us in an ideal position to support Corning’s ongoing infrastructure investment program and management’s efforts in achieving its customer service goals. We look forward to working with management and other stakeholders to ensure Corning’s continued success,” Richard Klapow, Argo Managing Director.