Ares Management acquired 100% of Meade Pipeline from XPLR Infrastructure for approximately $1.1 billion in cash.
XPLR is an independent power producer formed by NextEra Energy.
Meade owns approximately 40% of the Central Penn Line (CPL), a FERC-regulated, 180-mile pipeline that transports natural gas from prolific production zones in the Marcellus and Utica Shale in Northeast Pennsylvania to demand centers in the Northeast, Mid-Atlantic and Southeast via interconnection with Williams Companies' Transcontinental Gas Pipe Line.