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New Deal


Announced

Completed

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

Financials

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

Tags

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gas exploration

Acquisition

Private Equity

United States

Majority

Friendly

natural gas gathering

gas transmission

Gas Distribution

Private

Single Bidder

Completed

Synopsis

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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.

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