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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Energy: Magellan Buys Pipeline for $190M

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

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

 

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