ArcLight Acquires Major Stake in NGPL, Partnering with Kinder Morgan
Deal News | May 13, 2025 | Arclight

ArcLight Capital Partners, a major infrastructure investor, has acquired a 25% interest in the Natural Gas Pipeline Company of America (NGPL), making it the largest shareholder with a 62.5% economic interest alongside Kinder Morgan, which retains a 37.5% stake. NGPL is a key player in the US with a vast pipeline network spanning nine states, providing crucial energy supply and accessing key markets. Given the anticipated surge in power demand driven by electrification and AI over the decade, infrastructure like NGPL is deemed essential. ArcLight’s acquisition marks a continuation of its strategic investments in critical energy infrastructure. Financial advisory was provided by Barclays Capital Inc., and legal counsel by Latham & Watkins LLP.
Sectors
- Energy & Infrastructure
- Private Equity
Geography
- United States – The transaction and the strategic interests discussed in the article are based in the United States, where the pipeline infrastructure operates across nine states.
Industry
- Energy & Infrastructure – The article is primarily centered on energy infrastructure, focusing on natural gas pipelines which are essential for energy distribution across major markets in the U.S.
- Private Equity – ArcLight Capital Partners, a private equity firm, is a main participant in the acquisition detailed within the article.
Financials
- Not Disclosed – The terms of the acquisition were not disclosed in the article.
Participants
Name | Role | Type | Description |
---|---|---|---|
ArcLight Capital Partners, LLC | Acquirer | Company | A leading infrastructure investor engaged in critical electrification infrastructure. |
Natural Gas Pipeline Company of America (NGPL) | Target Company | Company | One of the largest interstate pipeline systems, providing critical natural gas infrastructure. |
Kinder Morgan, Inc. | Existing Stakeholder and Operator | Company | A major energy infrastructure company that holds a significant stake in NGPL and operates it. |
Barclays Capital Inc. | Financial Advisor | Company | Provided financial advisory services to ArcLight for the transaction. |
Latham & Watkins LLP | Legal Advisor | Company | Served as legal counsel to ArcLight in the transaction. |