ArcLight Capital sold Republic Midstream to Nuevo Midstream Dos.

Private equity firm ArcLight Capital sold Republic Midstream, an operator of crude oil gathering system, delivery terminals, and takeaway pipelines, to Nuevo Midstream Dos, which designs, builds and operates world-class midstream systems and delivers superior service to oil and gas producers. Financial terms were not disclosed. “We are very excited about this acquisition and the opportunity to expand the footprint and service offerings of the Republic system. We really like these assets and their location within the Eagle Ford,” said Nuevo Dos President & CEO Randy Ziebarth. “The Eagle Ford is experiencing a resurgence and is advantaged by its proximity to the Gulf. Nuevo Dos looks forward to helping producers fully participate in moving crude and condensate to market.”