M&A Deal Summary

M6 Midstream Acquires Align Midstream Partners II

On September 22, 2022, M6 Midstream acquired oil/gas exploration company Align Midstream Partners II from Tailwater Capital

Acquisition Highlights
  • This is M6 Midstream’s 1st transaction in the Oil/Gas Exploration sector.
  • This is M6 Midstream’s 1st transaction in the United States.
  • This is M6 Midstream’s 1st transaction in Texas.

M&A Deal Summary
Date 2022-09-22
Target Align Midstream Partners II
Sector Oil/Gas Exploration
Buyer(s) M6 Midstream
Sellers(s) Tailwater Capital
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Locke Lord (Legal)

Target

Align Midstream Partners II

Dallas, Texas, United States
website
Align Midstream Partners II is a midstream company focused on serving producers’ needs in emerging and established basins within the US. Align is concentrated on building greenfield midstream assets including gas, crude oil, and water gathering pipelines, treating and processing plants, and salt water disposal wells in emerging basins. Align Midstream Partners II was founded in 2017 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

M6 Midstream

Houston, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

M6 Midstream is a midstream company, to pursue greenfield and brownfield midstream, downstream, and energy transition opportunities across the U.S.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Tailwater Capital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2013
PE ASSETS 4.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Tailwater Capital LLC is a specialist private equity firm focused on middle-market opportunities in the midstream and upstream sectors of the energy industry. Tailwater will consider acquisitions of non-core assets, roll-up situations, anchored greenfields, and joint ventures. Tailwater Capital was formed in 2013 and is based in Dallas, Texas.

DEAL STATS #
Overall 6 of 7
Sector (Oil/Gas Exploration) 4 of 4
Type (Add-on Acquisition) 3 of 4
State (Texas) 6 of 6
Country (United States) 6 of 7
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-08 NorTex Midstream Partners

Houston, Texas, United States

NorTex Midstream Partners is an independently owned developers and operators of high-deliverability, multi-cycle natural gas storage capacity. NorTex was founded in 2007 and is based in Houston, Texas.

Sell $423M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-25 Ash Creek Renewables

Southport, Connecticut, United States

Ash Creek Renewables provides renewable fuel feedstock marketing and aggregation services to the biomass diesel and sustainable aviation fuel industries. Ash Creek Renewables is based in Southport, Connecticut.

Buy -
Mergr

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