KILGORE, Texas, May 5, 2014 (GLOBE NEWSWIRE) -- Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP" or the "Partnership") announced today that it has entered into definitive documentation with a subsidiary of Atlas Pipeline Partners, L.P. (NYSE:APL) to acquire all of the outstanding membership interests in Atlas Pipeline NGL Holdings, LLC and Atlas Pipeline NGL Holdings II, LLC (collectively, "Holdings") for $135 million, subject to customary post-closing adjustments (the "Transaction"). Holdings owns a 19.8% limited partnership interest and a 0.2% general partnership interest in West Texas LPG Pipeline L.P. ("WTLPG"). WTLPG is operated by Chevron Pipe Line Company, an affiliate of Chevron Corporation, which owns the remaining 80% interest.
for Martin Midstream Partners L.P. Announces Agreement to Acquire Certain Subsidiaries of Atlas Pipeline Partners, L.P. Holding Interests in West Texas LPG Limited Partnership investment picks