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Vinson & Elkins Guides Boardwalk In $625M Pipeline Co. Buy

Law360, New York (August 17, 2012, 8:11 PM EDT) -- Natural gas gatherer Boardwalk Pipeline Partners LP has broken into the liquids side of the business, inking a $625 million deal with its general partner Loews Corp. to jointly acquire private equity-backed pipeline outfit PL Midstream LLC, the buyer announced Friday.

The target company operates salt domes and natural gas storage facilities, brine supply infrastructure, and 240 miles of pipeline transportation assets that run through two main hubs in southern Louisiana — including the most extensive ethylene distribution system in the state, according to a statement...
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