Investment Summary

EnCap Flatrock Midstream Invests In Aspen Midstream

On May 17, 2017, venture capital firm EnCap Flatrock Midstream invested in energy services and equipment company Aspen Midstream

Investment Highlights
  • This is EnCap Flatrock Midstream’s 6th transaction in the Energy Services and Equipment sector.
  • This is EnCap Flatrock Midstream’s 23rd transaction in the United States.
  • This is EnCap Flatrock Midstream’s 18th transaction in Texas.

Investment Summary

Date 2017-05-17
Target Aspen Midstream
Sector Energy Services and Equipment
Investor(s) EnCap Flatrock Midstream
Deal Type Growth Capital
Advisor(s) Mack Matheson & Marchesoni PLLC (Legal)

Target

Aspen Midstream

Dallas, Texas, United States
Aspen Midstream is an independent energy company launched to fill strategic voids in the midstream sector. Aspen Midstream creates value for producers by offering a full-service portfolio of midstream solutions. Capabilities include natural gas gathering, processing, compression and treating; condensate stabilization and vapor recovery; crude oil gathering and terminaling and produced-water gathering and disposal. Aspen Midstream was founded in 2017 and is based in Dallas, Texas.

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Investor(S) 1

Investor

EnCap Flatrock Midstream

San Antonio, Texas, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2008
PE ASSETS 9.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

EnCap Flatrock Midstream is a private investment firm focused on venture related opportunities in the midstream energy sector. EnCap Flatrock seeks majority positions in natural gas gathering, treating, processing and storage; crude oil gathering and transportation; and natural gas liquids fractionation, storage and transportation. EnCap Flatrock Midstream is affiliated with investment firm EnCap Investments, a large diversified energy investment firm. EnCap Flatrock is based in San Antonio, Texas.


DEAL STATS #
Overall 23 of 29
Sector: Energy Services and Equipment M&A 6 of 10
Type: Growth Capital M&A Deals 10 of 15
State: Texas M&A 18 of 23
Country: United States M&A 23 of 29
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 EagleClaw Midstream

Midland, Texas, United States

EagleClaw Midstream is a midstream company focused on developing infrastructure opportunities in the Permian Basin. EagleClaw provides natural gas producers with a wide array of midstream services including gathering, compression, treating, processing and transportation.

Sell $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-31 Cardinal Midstream III

Dallas, Texas, United States

Cardinal Midstream III pursues midstream acquisitions and development opportunities in both conventional and unconventional resource plays across North America. Cardinal Midstream III was formed in 2017 and is based in Dallas, Texas.

Buy -