February 11, 2010 (FinancialWire) — Morgan Stanley’s (NYSE: MS) dedicated infrastructure group, Morgan Stanley Infrastructure Partners, said id will acquire a 40 percent economic stake and a 50 percent voting stake in Southern Star Central Corp.

Southern Star Central is the parent company of Southern Star Central Gas Pipeline, an interstate natural gas pipeline and storage operation servicing the Midwest region of the U.S.

Kentucky-based Southern Star is the primary gas transmission and storage facility provider for several major Midwest cities and power generation providers. The company serves its customer base primarily under long term contracts, which Morgan Stanley said provide for a stable and predictable cash flow profile.

New York-based Morgan Stanley is a financial services firm providing a wde range of investment banking, securities, investment management and wealth management services. The firm operates from more than 1200 offices in 37 countries. Morgan Stanley Infrastructure Partners, with $4 billion in equity under management, is an infrastructure investment platform that focuses on long-term investments in infrastructure assets associated with providing essential public goods and services to societies across the globe.

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