Antero Midstream to Simplify Structure

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Antero Midstream GP LP (NYSE: AMGP) announced on October 9 its plans to acquire Antero Midstream Partners (NYSE: AM) in a deal worth $3b. Morgan Stanley/Tudor Pickering, along with Goldman Sachs, will act as financial advisors for AMGP. Paul Rady, Chairman and CEO of Antero Resources and Antero Midstream, stated the main objectives of the deal was to align the interest of the company’s private equity, management, and public equity holders. The deal is expected to simplify AMGP’s corporate structure, and increase its value in an effort to get onto the major indexes. Doing so will open the company to a larger base of investors. The deal is expected to close later this year.

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