.
MergerLinks Header Logo

New Deal


Announced

Completed

EnCap Flatrock Midstream-backed Clearfork Midstream completed the acquisition of Azure Midstream Energy.

Financials

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

Tags

Edit

Acquisition

United States

Private Equity

Private

Single Bidder

midstream company

Friendly

Majority

Integrated Oil and Gas

Domestic

Completed

Synopsis

Edit

EnCap Flatrock Midstream-backed Clearfork Midstream, a growth-oriented midstream company, completed the acquisition of Azure Midstream Energy, a fee-based, growth-oriented midstream company based in Dallas. Financial terms were not disclosed. "Over the past few years, we have developed strong relationships with key members of the EFM team. The firm’s unparalleled reputation is well deserved. They have the financial strength we need and understand midstream better than anyone in the venture capital business. They aligned with us on the acquisition of Azure Midstream and Azure’s growth potential. We are very pleased to be part of the EFM family of companies," Kipper Overstreet, Clearfork CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US