Ares Management (ARES) said funds led by its Infrastructure Opportunities strategy have acquired 100% of the equity interests in Meade Pipeline Co LLC from affiliates of XPLR Infrastructure, LP. The investment represents a total cash consideration of approximately $1.1 billion.
Meade owns approximately 40% of the Central Penn Line, 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.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.