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Announced

ARB Midstream to acquire Elevation Midstream.

Synopsis

ARB Midstream, a privately held, growth-oriented energy company, agreed to acquire Elevation Midstream, an energy midstream gathering and processing company based in Denver, Colorado. Financial terms were not disclosed. "We are extremely pleased to announce this combination with Platte River. ARB has built a highly strategic business with a great track record servicing their producer customers. Our assets are interconnected and complementary, and the combination creates a midstream system of significant scale in the basin. This transaction represents the first step in Elevation’s strategy to serve as a consolidator of DJ Basin gathering and processing assets. It has immediate operational synergies and will unlock additional accretive opportunities for continued growth," John Roberts, Elevation Midstream CEO.

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