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Ares Management Acquires Meade Pipeline to Enhance Energy Infrastructure Portfolio

1. Ares acquired 100% equity in Meade Pipeline Co LLC from XPLR. 2. This move strengthens Ares' position in the infrastructure investment sector.

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FAQ

Why Bullish?

This acquisition diversifies and strengthens ARES's infrastructure portfolio, similar to past successful deals. Investment in infrastructure has historically shown resilience and growth potential, which could enhance ARES's financial performance.

How important is it?

The acquisition signifies ARES's strategic growth in infrastructure, a key driver for future revenue and stability in their investment strategy.

Why Long Term?

Infrastructure investments tend to yield returns over an extended period, benefiting ARES in the long run as the infrastructure sector continues to grow.

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XPLRNEE
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that funds led by its Infrastructure Opportunities strategy (the “Ares funds”) have acquired 100% of the equity interests in Meade Pipeline Co LLC (“Meade”) from affiliates of XPLR Infrastructure, LP (“XPLR”), a leading independent power producer formed by NextEra Energy, Inc. (“NextEra”). The investment represents a total cash consideration of approxima.

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