Caliche, OIC and GCM Grosvenor to acquire Golden Triangle Storage and Central Valley Gas Storage from Southern Company for $186m.

Caliche Development Partners II, a company focused on the acquisition, development, construction, ownership, and operation of subsurface natural gas and industrial gas storage assets, Orion Infrastructure Capital, a diversified investment firm, and GCM Grosvenor, an alternative asset manager, agreed to acquire Golden Triangle Storage and Central Valley Gas Storage from Southern Company for $186m. "We are thrilled to partner with the Caliche team again and with GCM Grosvenor to build off the success of Caliche I. GTS and CVGS are both premier storage assets and provide critical infrastructure for reliability in their respective markets. We look forward to supporting Caliche II's continued growth as we expand the platform for other customers and into new products," Ethan Shoemaker, OIC Investment Partner and Head of Infra Credit.