.
MergerLinks Header Logo

Announced

Completed

Altus Midstream completed the merger with Blackstone and I Squared Capital-backed EagleClaw Midstream in a $9bn deal.

Financials

Edit Data
Transaction Value£6,540m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

Acquisition

Friendly

Private

Single Bidder

Private Equity

Majority

Domestic

Integrated Oil and Gas

oil and gas

Completed

Synopsis

Edit

Altus Midstream, an oil and gas company, completed the merger with Blackstone and I Squared Capital-backed EagleClaw Midstream, an oil and gas company, in a $9bn deal. “This transaction is a transformative event for all parties and their respective stakeholders. The combination creates the largest pure-play midstream company in one of the world’s most prolific hydrocarbon basins, providing the scale, operational capabilities, and fully integrated service offerings necessary for long-term success. The pro forma enterprise is well positioned to capitalize on accelerating activity in the Delaware Basin with expanded processing and transportation capabilities for all three streams from the wellhead to end markets,” Jamie Welch, EagleClaw President and CEO. On February 10, 2022 Altus Midstream shareholders approved the transaction, with 99% of votes in favor of the deal.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US