Announced
Completed
Financials
Tags
Private
Majority
Acquisition
Domestic
gas and oil
Single Bidder
Oil Equipment and Services
United States
natural gas liquids storage
Private Equity
Friendly
Completed
Synopsis
EnCap-backed Momentum Midstream, a Texan midstream energy company, completed the acquisition of the East Texas pipeline assets of ArcLight Capital-backed Midcoast Energy, a provider of midstream services, for $1.3bn. "The East Texas Business plays an important role providing domestic and international markets access to clean, affordable, and reliable energy resources produced in the Haynesville. ArcLight is excited to see it continue to grow under the ownership of the experienced team at Momentum Midstream," Dan Revers, ArcLight Founder and Managing Partner.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.