Tailwater Capital and Ares Management-backed Cureton Midstream completed the acquisition of Gilcrest System from Aka Energy Group.

Tailwater Capital and Ares Management-backed Cureton Midstream, a midstream company, completed the acquisition of Gilcrest System from Aka Energy Group, a natural gas midstream company. Financial terms were not disclosed. “This is an exciting opportunity to strategically enhance our operations and footprint in the core of the DJ Basin with the highly complementary Gilcrest System. With this acquisition, we are uniquely suited to serve a growing base of customers and to continue to provide the quality of service that has distinguished Cureton in a competitive market. The Aka team has been great to work with and developed reliable assets with a stellar operations team,” Charlie Beecherl, Cureton Midstream President and CEO.