Summit Midstream - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Summit Midstream M&A Summary

Summit Midstream has acquired 3 companies, including 3 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 1 asset.

Summit Midstream’s largest acquisition to date was in 2024, when it acquired Tall Oak Midstream III for $155M. It’s largest disclosed sale occurred in 2019, when it sold Summit Midstream Partners - The Tioga System to Hess Midstream Partners for $60M. Summit Midstream has acquired in 2 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

Summit Midstream Business Overview

Where is Summit Midstream headquartered?

Summit Midstream is headquartered in The Woodlands, Texas.

What is Summit Midstream’s revenue?

Summit Midstream disclosed revenue of 383M USD for 2020 and 444M USD for 2019.

How many employees does Summit Midstream have?

Summit Midstream has 220 employees.

What sector is Summit Midstream in?

Summit Midstream is an energy services and equipment company.

When was Summit Midstream founded?

Summit Midstream was founded in 2009.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity2
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 2

Summit Midstream

Summit Midstream Partners LP

910 Louisiana Street Suite 4200,
The Woodlands, Texas 77002
United States,
(832) 413-4770
www.summitmidstream.com

Summit Midstream is a growth oriented midstream energy company focused on acquiring and developing midstream energy infrastructure assets that are strategically located in unconventional North American production basins. Summit Midstream was founded in 2009 and is based in The Woodlands, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # - - - 1 - 1 2
vol $155M $155M
Sell (0.0/yr) # 1 - - - - - 1
vol $60M $60M
  3

Most Recent M&A

Company Date Value Type
Tall Oak Midstream III LLC 2024-10-01 155M USD Add-on Acquisition
Edmond, Oklahoma
Sterling Energy Co. 2022-10-17 - Add-on Acquisition
Denver, Colorado · www.sterlingenergy.us
Summit Midstream Partners LP - The Tioga System 2019-02-26 60M USD Divestiture
Williams County, North Dakota
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 2 (100%) 155M (100%) 1 (100%) 60M (100%)
Total 2 $155M 1 $60M

By Geo

State/Country Buy Value Sell Value
United States 2 155M 1 60M
  Oklahoma 1 155M - -
  Colorado 1 - - -
  North Dakota - - 1 60M
Total 2 $155M 1 $60M

Top M&A Advisors

Financial Deals
Guggenheim Securities
 1
Legal Deals
Locke Lord
 1

Deal Values

buy # Total
$100M to $1B 1 $155M
TOTAL $155M
Largest Tall Oak Midstream III LLC
$155M (2024-10-01)
sell # Total
< $100M 1 $60M
TOTAL $60M
Largest Summit Midstream Partners LP - The Tioga System
$60M (2019-02-26)

M&A Connections

Deals
Acquired from
Investor(s)
100%
2 (100%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

383   14% 2020
444   13% 2019
507   4% 2018
489   22% 2017
402   9% 2016
371   13% 2015
331   14% 2014
292   68% 2013
174   2012
(millions of USD) Show More Show Less

Employees

220

Established

2009

Public

NYSE: SMLP

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