Announced
Completed
Financials
Tags
gas storage
Storage Terminals
Acquisition
Domestic
Private Equity
Private
Majority
Single Bidder
Completed
United States
Friendly
Synopsis
JP Morgan Investment Management completed the acquisition of Enstor Gas, the largest privately owned gas storage company in the US, from ArcLight Capital Partners, a private equity firm focused on energy, infrastructure and energy transition. Financial terms were not disclosed. "We are excited to work with Enstor, an industry-leading strategic platform uniquely positioned to provide safe, reliable natural gas storage services in strategic areas across the US. We look forward to partnering with the Enstor leadership team and employees to build upon the company’s track record of success for the benefit of its customers and communities," Matthew LeBlanc, JP Morgan CIO.
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