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New Deal


Announced

Completed

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

Financials

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

Tags

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Private

Majority

Single Bidder

pipeline

Acquisition

Domestic

Friendly

Pipelines

United States

Private Equity

Completed

Synopsis

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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.

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