ARM Energy Acquires NextEra Energy’s Monument Pipeline for $203 Million
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ARM Energy Holdings, along with certain of its affiliates, various financial partners, and co-investors has acquired Monument Pipeline, a Houston-based natural gas pipeline, from affiliates of NextEra Energy Partners. Monument provides natural gas transportation and marketing services to end-users in the Houston area and will be operated by affiliates of ARM.
“ARM has worked throughout its history to connect energy suppliers to demand centers and provide outstanding service and excellent results for our clients,” said Zach Lee, chief executive officer of ARM.
“Monument is a natural expansion of this mission, with strategic capabilities that enable our combined team to deliver enhanced services to meet our customers’ rising energy demand needs,” added Lee.
Monument is a natural gas transportation system with approximately 156 miles of pipeline originating at the Katy Hub, with connections to the Houston Ship Channel, La Porte, and League City market areas. The pipeline also services several residential city gates in high-growth areas of the Greater Houston metroplex. Through Monument’s extensive existing footprint and growth potential, ARM will expand its marketing reach to a diverse group of additional end-users. ARM will continue to provide efficient and quality transportation services across Monument and other adjacent markets.
About ARM Energy Holdings
Headquartered in Houston, with offices in Calgary, Denver, Los Angeles, and Nashville, ARM Energy Holdings, LLC is a premier marketing services and infrastructure firm, active in every sector of the energy value chain across all major North American oil and gas basins and many key supply centers.
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