Latham & Watkins Advised ArcLight Capital Partners On Acquisition Of 25% Interest In NGPL

Latham & Watkins Advised ArcLight Capital Partners on Acquisition of 25% Interest in NGPL

Latham & Watkins LLP advised ArcLight Capital Partners, LLC on its acquisition of a 25% minority interest in NGPL Holdings LLC from Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN).

Following the transaction, ArcLight-controlled funds will increase their stake in NGPL Holdings to 62.5%, while Kinder Morgan, Inc. (NYSE: KMI) will continue to operate NGPL Holdings assets and retain its 37.5% interest. The deal is expected to close in Q2 2025, subject to customary closing conditions.

NGPL Holdings LLC operates Natural Gas Pipeline Company of America (NGPL), a major transporter of natural gas across the United States, providing critical energy infrastructure.

The Latham & Watkins team advising ArcLight was led by Justin T. Stolte, Annelise Karreman, Warren Lilien, and Thomas Verity, with support from John Daywalt, Emma Green, Haley Sandoval, Stacey Hall, and Caroline Silverstein.