NGL Energy Partners to acquire Gavilon’s energy business

NGL Energy Partners LP will acquire all of the equity interests of Gavilon LLC’s midstream energy business in an $890 million deal expected to close in December, the company announced. Gavilon operates integrated crude oil storage, terminal and pipeline assets in Oklahoma, Texas and Louisiana, along with a crude oil and refined products supply, marketing and logistics business. Gavilon markets and supplies refined products and natural gas liquids through a network of more than 300 distribution terminals across 39 states. The company has been listed in LP Gas’ Suppliers Guide as a propane wholesaler.