Boardwalk HP Storage Co. LLC, a joint venture between Boardwalk Pipeline Partners LP (NYSE: BWP) and Boardwalk Pipelines Holding Corp. (BPHC), completed its acquisition of Petal Gas Storage LLC, Hattiesburg Gas Storage Co. and related assets from Enterprise Products Partners LP (NYSE: EPD) for $550 million. 

BPHC, which owns 80% of the joint venture, contributed $280 million to the acquisition with Boardwalk operating the assets and owning the remaining 20% and contributing $70 million to the purchase price. The remaining $200 million came from a bank loan and equity contributions.  ...