DCP Midstream Partners LP has acquired all of the ownership interests of Marysville Hydrocarbon Holdings LLC for US$95 million plus inventory and other working capital of about $6 million.

Through its wholly-owned subsidiary, Marysville Hydrocarbons Inc. (MHI), Marysville owns and operates a propane and butane storage facility in Marysville, Mich., which includes nine underground salt caverns with 285 million gallons of storage capacity; rail, truck and pipeline connections providing an important supply point for refiners and wholesale propane distributors in the Midwest, Sarnia and Northeast markets; and a 620-acre site ...