Oaktree Capital Management (Private Equity) sold $2.93M worth of shares in NGL Energy Partners LP in June 2018
Jul 08, 2018
We are a publicly traded Master Limited Partnership under the ticker symbol “NGL” on the New York Stock Exchange. NGL Energy Partners was created by the merger of two companies with long, successful histories in the retail propane and natural gas liquids midstream and wholesale propane sectors of the energy industry: Hicksgas and NGL Supply. The October 2010 merger of these companies brought together over 110 years of operating history, experienced industry leadership and a diversified midstream and retail operation to form a new limited partnership focused on building value for our unitholders. In October 2011, we added E. Osterman Propane’s retail assets to the Partnership, expanding NGL Energy Partners into the Northeastern U.S., and allowing us to serve 124,000 customers in 11 states with an estimated 5.7 million gallons of storage capacity. Our strategy to achieve this value focuses on growth through incremental and organic initiatives, pursuit of strategic acquisition opportunities, consistent cash flows, a disciplined capital structure and increasing distributions to our unitholders.
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Oaktree is an active manager, which focuses on middle market companies located globally. The firm invests in a broad range of sectors and industries. Oaktree makes control investments.
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