Announced
Completed
Financials
Tags
midstream
oil & gas
Integrated Oil and Gas
gas distribution
natural gas
Gas Distribution
United States
Public
Acquisition
Friendly
Single Bidder
oil and gas
Completed
Private Equity
Majority
Synopsis
Private equity firm Global Infrastructure Partners completed the acquisition of EnLink Midstream and EnLink Midstream Partners, distributors of natural gas, crude oil, and condensate, from Devon Energy Corporation, a hydrocarbon exploration company, for $3.1bn. "We are excited to commence our strategic partnership with GIP and look forward to expanding EnLink's strong foundation together. EnLink's platform, combined with GIP's deep midstream experience and potential new sources of capital, enhances our outlook for further value creation. GIP and EnLink share strong cultural alignment and are focused on the successful execution of EnLink's seven growth strategies," Michael J. Garberding, EnLink President and Chief Executive Officer.
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