Starwood Energy completed the acquisition of Lavaca gas gathering business unit from Third Coast.

Starwood Energy, an energy infrastructure-focused private equity firm completed the acquisition of Lavaca, Texas-based gas gathering business unit of Third Coast Mainstream, a provider of midstream infrastructure to producers of oil and gas. Financial terms were not disclosed. The gathering business includes over 260mi of natural gas gathering pipes and associated infrastructure and provides gathering and artificial gas lift services to local upstream clients focused on oil and gas production in the Eagle Ford. "We are excited to announce our first acquisition in the midstream space. The Lavaca system represents a unique opportunity to own a critical piece of Eagle Ford gathering infrastructure. Third Coast team has built a great business and we are looking forward to continuing to provide exceptional service to our customers as we look to expand the system and grow our midstream platform," Himanshu Saxena, Starwood Energy CEO.