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Announced

Completed

NGL Energy Partners completed the acquisition of Hillstone Environmental Partners from Golden Gate Capital for $600m.

Financials

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Transaction Value£483m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private Equity

United States

Private

Integrated Oil and Gas

oil and gas infrastructure

Friendly

water pipelines

oil and gas industry

Majority

Single Bidder

Completed

Synopsis

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NGL Energy Partners, which owns and operates a vertically integrated energy business, completed the acquisition of Hillstone Environmental Partners, which provides water pipeline and disposal infrastructure solutions, from Golden Gate Capital for $600m. “We are proud to have partnered with Jay and his team to establish Hillstone as an industry-leading provider of comprehensive water infrastructure solutions to the oil and gas industry. In just four years, the company experienced impressive organic growth and structured a high-quality asset base that includes long-term contracts with investment-grade E&P companies.” Dave Thomas, Golden Gate Capital Managing Director.

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