Ares Management Buys Rover Pipeline Stake from Blackstone
Ares Management bought a 32.4% stake in the Rover natural gas pipeline from Blackstone. The 700-mile system moves gas from Appalachia to Midwestern markets.
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ARES MANAGEMENT CORP - A acquired a 32.4% stake in the Rover Natural Gas pipeline from BLACKSTONE INC for an undisclosed sum. It marks the second major transaction for the 700-mile United States pipeline system in 30 days. Investors are targeting Appalachian infrastructure to meet surging power demand from data centers and industrial electrification.
