By OGJ editors
HOUSTON, Mar. 25 -- Williams Energy Partners LP, Tulsa, Okla., announced that the partnership will do business as Magellan Midstream Partners LP, effective Sept. 1.
"I believe our new name, Magellan, will project the same positive characteristics of integrity, customer service, and achievement that have become synonymous with Williams Energy Partners," said CEO Don Wellendorf.
Williams Energy Partners went public in February 2001. Since then, the partnership has acquired $1.1 billion of assets.
Majority equity owner Williams Cos. Inc. sold all of its 54.6% interest in the partnership to a new entity owned jointly by private equity firms Madison Dearborn Partners LLC and Carlyle/Riverstone Global Energy and Power Fund II LP (OGJ Online, April 21, 2003).