Announced
Completed
Financials
Tags
Private
Gas Distribution
Minority
Acquisition
United States
Domestic
Completed
Private Equity
Friendly
midstream company
Single Bidder
Synopsis
EnCap Flatrock Midstream, a venture capital firm, completed a $300m investment in Cardinal Midstream Partners, an independent midstream company. “EnCap Flatrock has been a trusted and valued partner to me for over a decade and I am excited to continue as we work together to grow Cardinal Midstream Partners. We believe that clean burning natural gas will continue to play an important role in the energy mix, driving global demand, upstream production, and accompanying midstream infrastructure. We look forward to being part of the energy solution, aggressively pursuing a hybrid strategy focused on natural gas gathering and processing, and carbon capture and sequestration," Doug Dormer, Cardinal CEO.
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