Brookfield Infrastructure Announces Sale of NGPL Amidst Strong Capital Recycling Momentum
Vinson & Elkins advised Brookfield Infrastructure Partners L.P. (“Brookfield”) in its entry into a definitive agreement for the sale of Brookfield’s remaining 25% interest in Natural Gas Pipeline Company of America LLC (“NGPL”) to one or more funds controlled by ArcLight Capital Partners LLC (“ArcLight”).
NGPL is the largest transporter of natural gas into the high-demand Chicago-area market as well as one of the largest interstate pipeline systems in the country. The transaction signed on March 21, 2025, and is expected to close in the second quarter of 2025.
The Vinson & Elkins team was led by partner Benji Barron and senior associate Jordan Fossee, with assistance from associates Chandler Spinks, Phil Greenfield, and Ronnie Braxton. Other key team members include partners Dave Wicklund and Caitlin Turner, counsel Maya Bobbitt and associate James Payne; partner Lina Dimachkieh, senior associate Miron Klimkowski and associate Patrick Darby; and partner Kara Kuritz and associate Adam Thomas.
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