EnergySouth, Inc. announced that its wholly-owned subsidiary, EnergySouth Midstream, Inc., has completed its previously announced acquisition of a 60% interest in Mississippi Hub, LLC. Mississippi Hub is developing a natural gas storage facility in Simpson County, Mississippi. EnergySouth Midstream, Inc. will be the exclusive operating entity for the development, construction, and operation of the facility, and funds managed by affiliates of Fortress Investment Group LLC will hold a 40% interest in the project. Approximately $140 million was paid for the entire acquisition. EnergySouth, Inc. and EnergySouth Midstream, Inc. were advised by Bryant Park Capital with respect to the acquisition.
“Bryant Park Capital played a significant role in the successful closing of the Mississippi Hub storage facility for EnergySouth Midstream. The guidance and counsel provided by BPC was a big factor in the completion of the deal.”