![](https://www.oilandgas360.com/wp-content/uploads/2018/04/Buckeye-Partners-terminal-150x150.png)
IFM to Take Pipeline Owner Buckeye Private for $6.5 Billion
From Bloomberg IFM Global Infrastructure Fund agreed to acquire Buckeye Partners LP, a U.S. owner and operator of oil pipelines and terminals on the East Coast and Gulf Coast, for $6.5 billion. The Australian fund said Friday it will pay $41.50 for each unit of Houston-based Buckeye, a master limited partnership that has 6,000 miles of pipeline and associated tanks and terminals.