more

Related Articles

Turnaround Tuesday: Envision Raises Capital to Continue, Amid Challenging Time for Solar Panel Developers
Alliant, Bellisio Foods, TransDigm
SSE Grabs Scottish Wind Farm
Green Energy Merges with Cirque Energy
PetroWeb Buys Oil & Gas Data Management Co.

SLIDESHOW

The M&A Scene: CEO Leadership
Dealmakers gathered at the Harvard Club in New York on May 7 as part of ACG NY's CEO Leadership event. Peter Gonye, a co-leader within Spencer Stuart's private equity practice in North America was the keynote speaker. Panelists included M. Tatum Pursell, senior adviser, Unlimited Horizons; Tony Ecock, general partner, Welsh Carson Anderson & Stowe; Jim Follett, former CEO of Authentic Response Inc.; Doron Grosman, operating partner, Court Square Capital; and Joelle Marquis, partner, Arsenal Capital.

Watercooler

Far Cry from the Glory Days
These days, big buyers are more likely to co-invest with limited partners

Dealmakers

Time Inc. -Meredith Pairing Would Have Been Too Complicated, Says Jeff Bewkes in Keynote
The Time Warner chairman hints there may be a future deal for the spun-off magazine business, maybe even with Meredith

Columns

The Buyside:
Trench Dealfare
Strategic players in the aerospace and defense sector look to offset losses by remaining on the hunt for targets

Energy: Magellan Buys Pipeline for $190M

The petroleum transportation company bought 800 miles of pipeline in the Rocky Mountain and New Mexican pipeline systems

By ALLISON COLLINS
February 22, 2013

Magellan Midstream Partners LP (NYSE: MMP) will buy 800 miles for refined petroleum products pipeline for $190 million.

Plains All American Pipeline LP (NYSE: PAA) is selling the assets, which are part of the Rocky Mountain pipeline and New Mexican pipeline systems.

The deal is expected to close in the second quarter of 2013, and will be funded with cash on hand and borrowings under Magellan’s revolving credit facility, if necessary.

Magellan, headquartered in Tulsa, Okla., focuses on transporting, storing and distributing petroleum products.

Plains recently bought crude oil and gathering assets in the Eagle Ford area of south Texas for $125 million http://www.themiddlemarket.com/news/plains-buys-oil-assets-for-125-million-latest-in-long-streak-of-energy-deal-236140-1.html and four crude oil terminals for about $500 million. http://www.themiddlemarket.com/news/plains-all-american-pays-500-million-on-four-oil-terminals-235923-1.html

 

For more information on related topics, visit the following: