Announced
Financials
Tags
Integrated Oil and Gas
Single Bidder
Private Equity
oil exploration
Domestic
oil and gas
Majority
Friendly
Acquisition
Pending
United States
Private
Synopsis
Tailwater Capital, a private equity firm, agreed to acquire integrated oil and gas companies Tall Oak Midstream II and Tall Oak Midstream III from EnCap Flatrock Midstream, a venture capital firm. Financial terms were not disclosed. "These transactions are the next logical step in both Tailwater and Connect Midstream's long-term Arkoma STACK consolidation and growth strategy and will significantly expand our footprint and processing capacity in the liquids-rich Arkoma Basin. We look forward to working together to grow the Tall Oak businesses organically and through acquisitions, and providing customers with the most effective and versatile set of capabilities in their regions of operation," Jason Downie, Tailwater Capital Co-Founder and Managing Partner.
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