M&A Deal Summary

Argo Infrastructure Partners Acquires Corning

On July 6, 2022, infrastructure investor Argo Infrastructure Partners acquired oil/gas exploration company Corning

Acquisition Highlights
  • This is Argo Infrastructure Partners’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Argo Infrastructure Partners’ 3rd transaction in the United States.
  • This is Argo Infrastructure Partners’ 1st transaction in New York.

M&A Deal Summary
Date 2022-07-06
Target Corning
Sector Oil/Gas Exploration
Buyer(s) Argo Infrastructure Partners
Deal Type Going Private

Target

Corning

Corning, New York, United States
Corning provides natural gas and electric service to customers in New York and Pennsylvania through its operating subsidiaries Corning Natural Gas, Pike County Light & Power, and Leatherstocking Gas Company. Corning was formed in 1904 and is based in Corning, New York.

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Buyer(S) 1

Buyer

Argo Infrastructure Partners

Category Infrastructure
Founded 2013
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Argo Infrastructure Partners is a private equity firm focused on infrastructure investments. Specific areas of interest include regulated utilities, energy, renewables, and transportation. The Firm seeks long-term and sustainable partnerships when considering investing in new companies or projects. Argo Infrastructure Partners was founded in 2013 and is headquartered in New York, New York.

DEAL STATS #
Overall 3 of 4
Sector (Oil/Gas Exploration) 1 of 1
Type (Going Private) 1 of 1
State (New York) 1 of 2
Country (United States) 3 of 4
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-30 LAZ Parking

Hartford, Connecticut, United States

LAZ Parking is a parking operator in the United States with operations in over 3k+ locations. LAZ offers a vast array of parking services including facility management, billing, collections, maintenance, valet parking and shuttles. LAZ Parking was founded in 1981 and is based in Hartford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Macquarie

New York, New York, United States

Macquarie through its subsidiaries, owns, operates, and invests in infrastructure businesses that provide services to businesses and individuals primarily in the United States. Macquarie was formed in 2004 and is based in New York City.

Buy -
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