Enstor Gas, a privately owned gas-storage company, and its natural gas midstream assets have been acquired by the Infrastructure Investments Fund (IIF), an investment vehicle advised by J.P. Morgan Investment Management Inc., from an affiliate of ArcLight Capital.
Terms of the transaction were not disclosed.
Enstor will continue to manage and operate its natural gas-storage facilities in Alabama, Mississippi, Texas and New Mexico. The Enstor headquarters will remain in Houston and the Enstor executive team will continue to manage the company.