American Midstream Partners LP (NYSE: AMID) has closed a $65 million deal for Blackwater Midstream Holdings LLC.
Westwego, La.-based Blackwater has three operating storage terminal sites in Louisiana, Georgia and Maryland, plus an oil development property in Louisiana. The operating terminals have 1.3 million barrels of storage capacity and are used for chemical, agricultural and petroleum products.
Denver-based American Midstream owns, operates and develops midstream energy assets.
Blackwater was sold by an affiliate of private equity firm ArcLight Capital Partners LLC. The deal was originally announced Dec. 10.