After recently moving its headquarters from Colorado to Houston, a former Denver energy company has made a huge deal.
American Midstream Partners LP, which was one of Denver's biggest energy companies, said it's acquiring JP Energy Partners LP of Texas in an all-stock deal that will create a $2 billion entity.
"The merger of American Midstream and JP Energy will create a diversified midstream business operating in leading North American basins, including the Permian, Gulf of Mexico, Eagle Ford and Bakken. The combined partnership will have an estimated enterprise value of $2 billion," the companies said in a Monday statement.
American Midstream will keep its headquarters in Houston, Lynn Bourdon III will remain as CEO and Eric Kalamaras will remain CFO of the combined partnership.
Read more at the Denver Business Journal: http://bit.ly/2dD017Z