Howard Energy buys in Corpus; Muscle Maker opens in Philly
Howard Energy Partners said last week it executed an agreement with a subsidiary of MPLX LP to purchase the Javelina Facility in Corpus Christi, a treating and fractionation plant that extracts olefins, hydrogen and natural gas liquids from the gas streams produced by local refineries, creating purity products that are then sold to local markets on behalf of its refinercustomers.
The facility produces a range of product streams including hydrogen, ethylene, ethane, propylene, propane, mixed butane and other pentanes+ for use in the energy and petrochemical markets. It is connected by pipeline to all of the major refineries in the Corpus Christi area. HEP expects to close the acquisition in early 2021.
Muscle Maker opens 2 kitchens in Philadelphia
League City-based Muscle Maker Inc., parent company of Muscle Maker Grill, Healthy Joe’s and MMG Burger Bar, said last week it had opened its first ghost kitchens in Philadelphia.
The two locations are near a high density of both student/university eaters as well as a large pool of corporate workers who commonly order food delivery, the company said. Both kitchens will showcase menus from Muscle Maker Grill, Healthy Joe’s and Muscle Maker Grill’s new concept — Meal Plan AF. Its “healthier for you” dishes from any of the three concepts are available for delivery through third party platforms including DoorDash, GrubHub, UberEats, Postmates, ChowNow and Caviar.
Vortex acquires water pipeline services firm
Vortex Cos. has acquired North American Pipeline in a deal that expands its water and sewer system repair services to the MidAtlantic region, the company announced. Terms were not disclosed.
Based in Freehold, N. J., North American Pipeline provides sewer and stormwater maintenance services, including CCTV inspection and cleaning, pipe bursting, manhole rehabilitation and lining solutions. North American Pipeline, which employs 55 people, was founded in 1974 and purchased by Tom Mullen in 2012.
Self-storage facilities part of package deal
Go Store It, which specializes in the acquisition, development and management of self-storage assets, closed on its $85 million acquisition of nine storage assets, including properties in Houston.
The acquisitions make up more than 6,000 units and over 850,000 rentable square feet and were part of a joint venture with Cerberus Capital Management. Based in Charlotte, N.C. Go Store It will rebrand the properties.