Announced
Financials
Tags
Acquisition
Integrated Oil and Gas
natural gas assets
Canada
natural gas services
Private Equity
Friendly
Public
Single Bidder
Synopsis
Northleaf Capital Partners, a leading private equity fund manager acquires CSV Midstream, a Calgary-based company offering full services for complete midstream solutions. Financial terms were not disclosed. As a part of the deal, Northleaf will acquire100 MMcf/day Resthaven gas processing facility and the 60 MMcf/day Pipestone South compressor station, Paramount Resources Ltd.’s Karr 6-18 facility. CSV Midstream will assume the ongoing operations and construction management of the Karr gas processing plant expansion, bringing the facility’s total capacity to 150 MMcf/d. With the addition of the Karr 6-18 facility, CSV Midstream’s platform is well-positioned to serve a broad spectrum of oil and gas operators in northwestern Alberta. “We are thrilled to be entering into this strategic ownership relationship with Northleaf,” said Daniel Clarke, CSV Midstream CEO. “We are very fortunate to have their backing and gain access to their deep experience in energy infrastructure and their relationships with the broader investment community. The value of our partnership has been clearly demonstrated by the significant accomplishments that the CSV Midstream team has achieved in a short time frame with the support and guidance of Northleaf.”
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