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Ares Management Announces Acquisition of Paradigm Energy Partners’ Assets

ARES MGMT LP (ARES)  More Company Research Source: Business Wire
Last ares mgmt lp earnings: 11/2 04:00 pm Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
PDF Ares EIF will Combine Paradigm Assets with its Van Hook Gathering System, Expanding Bakken Formation Footprint LOS ANGELES--(BUSINESS WIRE)-- Ares Management, L.P. (NYSE:ARES) announced today that funds managed by Ares EIF, its power and infrastructure strategy, have closed on the acquisition of substantially all of the assets and business interests of Paradigm Energy Partners from an affiliate of Stonepeak Infrastructure Partners. The Paradigm assets will be combined with Ares EIF’s adjacent Van Hook Gathering System, which it acquired in 2015, to form a premier regional midstream platform serving the core of the Williston Basin in North Dakota, with additional reach into the prolific Eagle Ford Shale in South Texas. The combined entity, which will continue to be known as Paradigm, will continue to be operated by Paradigm’s existing management team and employee base. The acquisition consists of [Read more]

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