Ares Management Corp., a global alternative investment manager, has announced that funds led by its Infrastructure Opportunities strategy have acquired a 32.4 percent stake in the Rover Pipeline from funds managed by Blackstone Energy Transition Partners.
Rover is a large-scale natural gas transmission pipeline that provides critical connectivity from the Appalachian Basin to high-value end markets across North America. The asset’s footprint spans approximately 700 miles across Pennsylvania, West Virginia, Ohio and Michigan, with transportation capacity of 3.425 billion cubic feet per day that is substantially contracted under long-term agreements with high-quality counterparties. Blackstone acquired its interest in Rover in 2017, supporting the pipeline’s development and completion in 2018. The asset is operated by an affiliate of Energy Transfer LP, a leading North American midstream energy company.
The transaction further diversifies Ares Infrastructure Opportun
