What stake in the Rover natural gas pipeline did Ares acquire from Blackstone, and where is the pipeline located?

Ares acquired a 32.4% stake in the Rover natural gas pipeline from a unit of Blackstone; the pipeline spans approximately 700 miles across Pennsylvania, West Virginia, Ohio, and Michigan, transporting natural gas from the Appalachian shale basin to Midwestern markets and beyond.

Why is the Rover pipeline considered strategically important according to Ares, and what broader energy trends support this view?

According to Anthony Omokha, managing director in Ares Infrastructure Opportunities, Rover is a 'large-scale, strategically located asset' that provides 'much-needed egress for in-basin supply' and plays a 'central role in the natural gas value chain'; this strategic importance is reinforced by natural gas's growing role in supporting power generation for data centers and industrial electrification, as well as heightened investor interest in U.S. energy infrastructure due to geopolitical stability amid Middle East conflicts.

Ares to Acquire Rover Natural Gas Pipeline Stake from Blackstone

Apr 29, 2026

Ares Management acquired a 32.4% stake in the Rover natural gas pipeline from Blackstone for an undisclosed sum. The deal reflects growing interest in U.S. energy infrastructure driven by soaring demand from data centers and industry electrification.

reuters

2026-04-29

Ares to Acquire Rover Natural Gas Pipeline Stake from Blackstone

Ares to Acquire Rover Natural Gas Pipeline Stake from Blackstone

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