Global Infrastructure Partners Announces Preferred Equity Investment In Easton Energy
09/30/21, 1:43 PM
Global Infrastructure Partners ("GIP") announced that it has made a preferred equity investment of up to $245 million in Easton Energy LLC ("Easton"). Easton is a Houston based midstream company focused on developing infrastructure assets that support the transportation, storage, and processing of natural gas liquids (NGL), refined products, and petrochemicals along the Gulf Coast. Easton's assets include liquid hydrocarbon salt cavern storage facilities in Markham, Texas, and roughly 450 miles of pipelines that connect key product markets along the Texas and Louisiana Gulf Coast.
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Global Infrastructure Partners ("GIP") is an independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. GIP targets investments in the energy, transport, digital infrastructure, and water/waste sectors in both OECD and select emerging market countries. GIP's teams are located in 10 offices: London, New York, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. GIP Credit provides financing solutions and makes debt and non-common equity investments in infrastructure assets and companies. For more information, visit www.global-infra.com.