Investment vehicles managed by Stonepeak, a U.S.-based alternative investment firm, completed the acquisition of Teekay LNG Partners L.P., a leading independent owner and operator of liquefied natural gas (LNG) carriers. Following the acquisition, Teekay LNG rebranded as Seapeak LLC.

As part of the transaction, all common units of Teekay LNG were converted into the right to receive $17.00 per unit in cash. Consequently, these common units were delisted from the New York Stock Exchange (NYSE).