Delphi Midstream Partners LLC completed the sale of Laser Northeast Gathering Company LLC, its natural gas gathering business located in Pennsylvania and New York, and other gathering assets in Texas to Williams Partners LP. The purchase price included $329 million in cash and approximately 7.5 million Williams Partners' units. Delphi Midstream Partners is owned by American Securities LLC and management.

Matthew F. LeBaron, a managing director of American Securities, commented, "We are pleased to have completed the sale of Laser and Delphi's Texas assets to Williams Partners. We believe Williams ...