Announced
Financials
Tags
transportation company
Acquisition
United States
Storage Terminals
Majority
Private
Friendly
Private Equity
Pending
natural gas storage
Domestic
Single Bidder
Synopsis
Tailwater Capital, a private equity firm, agreed to acquire NorTex Midstream Partners, an independently owned natural gas storage and transportation company, from Castleton Commodities International, an independent global energy commodity merchant and infrastructure asset investor. Financial terms were not disclosed. "As demand for high-deliverability natural gas storage continues to grow in the North Texas region, we are thrilled to partner with such a sophisticated team of infrastructure experts and operators in Tailwater, who intimately understand our business and the natural gas needs in North Texas. The Tailwater team shares our long-term vision and ambition for NorTex. As we leverage our unmatched track record with customers and continue enhancing our capabilities to better serve our customers, we are confident that we will build on our reputation in the market as the preeminent natural gas storage and transportation provider in the Dallas-Fort Worth region," John Holcomb, NorTex CEO.
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