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American Midstream Announces Acquisition of Panther; Continuing to Build Gulf Super System

HOUSTON--(BUSINESS WIRE)--American Midstream Partners, LP (NYSE:AMID) (“AMID” or “Partnership”) announced today the acquisition of 100% of the assets in Panther Asset Management, LLC (“Panther”) for a total consideration of approximately $52 million. The consideration consisted of approximately $39 million cash from borrowings under the Partnership’s revolving credit facility and common units representing limited partner interests.