Lightfoot Capital is the majority-owner of Arc Terminals, which operates petroleum product terminals in eight states in the US.
GE Energy Financial Services already holds an interest in Regency Energy Partners, a midstream natural gas services provider.
With this acquisition, GE Energy Financial Services will expand beyond midstream to petroleum product terminals across regions, sites, customers and products.
Lightfoot Capital CEO Vince Cubbage said that the acquisition of a majority interest in Lightfoot Capital will significantly expands the firms ability to both source and complete attractive acquisitions, and accelerates its growth strategy.
