ArcLight Acquires Incremental 12.5% Stake in Natural Gas Pipeline Company of America (NGPL)

ArcLight Acquires 25% Interest in Natural Gas Pipeline Company of America (NGPL)

May 13, 2025

Energy

ArcLight Capital Partners’ managed fund acquired a 25% interest in Natural Gas Pipeline Company of America (NGPL), resulting in ArcLight holding a 62.5% economic ownership stake while Kinder Morgan retains a 37.5% interest and continues to operate NGPL. NGPL is one of the largest U.S. interstate natural gas pipeline systems (≈9,100 miles, ~1 million horsepower of compression, 288 billion cubic feet of storage); terms were not disclosed. ArcLight cited rising power demand from electrification and AI and the asset’s ability to support utilities, LNG exporters and data centers as the strategic rationale.

ArcLight Acquires 25% Stake in Gulf Coast Express Pipeline (GCX)

February 3, 2025

Oil & Gas

ArcLight Capital Partners acquired a 25% equity interest in Gulf Coast Express Pipeline LLC (GCX) for $865 million from an affiliate of Phillips 66. Going forward GCX will be jointly owned by subsidiaries of Kinder Morgan and ArcLight and will continue to be operated by a Kinder Morgan subsidiary; the pipeline provides ~2 Bcf/d takeaway capacity from the Permian Basin to U.S. Gulf Coast end markets including LNG export facilities in South Texas.

ArcLight Capital Partners Acquires Advanced Power

July 24, 2025

Energy

ArcLight Capital Partners has acquired Advanced Power and committed an initial $1 billion equity investment to accelerate development of modern power infrastructure. The partnership could deploy more than $5 billion over five years to support over 20 GW of new generation and 10+ GWh of storage, targeting utilities, data center developers and hyperscalers across North America.

Chevron Acquires Equity Interest in American Natural Gas LLC (Beyond6) from Mercuria

October 1, 2021

Energy

Chevron U.S.A. Inc. closed its previously announced acquisition of an equity interest in American Natural Gas LLC (operator of the Beyond6 CNG fueling network), acquiring a network of about 60 compressed natural gas stations across the United States from Mercuria Energy Trading. The deal expands Chevron's alternative-fuels footprint and supports its strategy to grow lower-carbon and renewable natural gas distribution capabilities.

Infrastructure Investments Fund Acquires Enstor Gas from ArcLight

May 11, 2022

Energy

The Infrastructure Investments Fund (IIF), advised by J.P. Morgan Investment Management, has acquired Enstor Gas from an affiliate of ArcLight Capital Partners. Enstor, the largest privately owned U.S. natural gas storage company headquartered in Houston, will continue to operate its six underground storage facilities across Alabama, Mississippi, Texas and New Mexico.

Antin Infrastructure Partners Acquires Majority Stake in GTL Leasing

June 20, 2024

Energy

Antin Infrastructure Partners has agreed to acquire a majority stake in GTL Leasing, a leading lessor of high‑pressure gaseous hydrogen transport and storage equipment in North America. The investment (via Antin's NextGen Fund I) will expand GTL's product portfolio and scale its platform to pursue opportunities across transit, logistics and industrial end markets while GTL's founder Michael Koonce will remain CEO.