American Midstream Buys JP Energy

摘要

JP Energy Partners LP (NYSE: JPEP) units bounced up 10% in early trading Oct. 24 following the announcement of its $2 billion all-stock acquisition by American Midstream Partners (NYSE: AMID). Denver-based American Midstream was No. 45 on Hart Energy’s The Midstream 50 ranking, based on 2015 EBITDA. JP Energy Partners was No. 48. After closing, the combined entity, to be based in Houston, expects an EBITDA of about $185 million. That would place it at No. 37 on the list.