XPLR Infrastructure to sell pipeline assets to Ares Management for $1.1B

XPLR Infrastructure, LP

XPLR subsidiaries to sell 100% of Meade Pipeline Co interests and a 15% indirect interest in Meade to Ares affiliates.
Total cash consideration of approximately $1.1 billion, subject to adjustment for accrued lease payments.
Transaction expected to close by end of Q3 2025, subject to HSR antitrust approval and customary conditions.
Sale includes natural gas pipeline assets in Pennsylvania operated by Transcontinental Gas Pipe Line Company.

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