Houston midstream company to sell propane business, acquires Gulf system

Clubs and Organizations

July 24, 2017


Houston-based American Midstream Partners LP (NYSE: AMID) has agreed to sell its propane marketing and services business to the Netherlands-based SHV Energy NV for $170 million in cash. The deal is expected to close in the third quarter and will simplify American Midstream’s business profile, the company said July 24. American Midstream relocated its headquarters to Houston last year. Proceeds