M&A Deal Summary

American Midstream Partners Acquires Costar Midstream

On October 14, 2014, American Midstream Partners acquired oil/gas exploration company Costar Midstream from Energy Spectrum Capital for 470M USD

Acquisition Highlights
  • This is American Midstream Partners’ 1st transaction in the Oil/Gas Exploration sector.
  • This is American Midstream Partners’ largest (disclosed) transaction.
  • This is American Midstream Partners’ 1st transaction in the United States.
  • This is American Midstream Partners’ 1st transaction in Texas.

M&A Deal Summary
Date 2014-10-14
Target Costar Midstream
Sector Oil/Gas Exploration
Buyer(s) American Midstream Partners
Sellers(s) Energy Spectrum Capital
Deal Type Add-on Acquisition
Deal Value 470M USD
Advisor(s) Simmons & Company (Financial)

Target

Costar Midstream

Dallas, Texas, United States
Costar is an onshore gathering and processing company with its primary gathering, processing, fractionation and off-spec condensate treating and stabilization assets focused in East Texas and the Permian Basin, with a significant crude oil gathering system project underway in the Bakken Shale.

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Buyer(S) 1

Buyer

American Midstream Partners

Denver, Colorado, United States
Category Company
Founded 2009
Sector Oil/Gas Exploration
Revenue 652M USD (2017)
DESCRIPTION

American Midstream Partners is a growth-oriented natural gas pipeline company that gathers, treats, processes, and transports natural gas. American Midstream Partners owns and operates nine gathering systems, three processing facilities, two interstate pipelines, and six intrastate pipelines. American Midstream Partners was formed in 2009 and is headquartered in Denver, Colorado.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 JP Energy Partners

Irving, Texas, United States

JP Energy Partners LP is a limited partnership focused on the gathering, storage and movement of crude oil, refined products, and natural gas liquids from production in key basins to consumer end markets. JP Energy Partners was founded in 2010 and is based in Irving, Texas.

Buy -

Seller(S) 1

SELLER

Energy Spectrum Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Energy Spectrum Capital is a midstream private equity firm specializing in investment in buyouts and buys and build in middle-market companies. The Firm focused exclusively on the energy industry. ESC looks to make a direct investment in established companies includes oil & gas gathering and transportation systems, processing and treating facilities, storage facilities and other infrastructure facilities. ESC targets growing businesses and seeks to partner with experienced managements teams. The Firm looks to invest $50- $200 million per transaction. Energy Spectrum Capital was formed in 1995 and is based in Dallas, Texas.

DEAL STATS #
Overall 30 of 42
Sector (Oil/Gas Exploration) 4 of 11
Type (Add-on Acquisition) 13 of 21
State (Texas) 16 of 23
Country (United States) 28 of 39
Year (2014) 4 of 4
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 TransEdge Energy

Houston, Texas, United States

In July 2007, TransEdge Energy was formed to pursue opportunities primarily in the refined products pipeline and terminal sectors. The Company currently owns refined products and propane distribution assets in New Hampshire.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Caprock Midstream

Humble, Texas, United States

Caprock Midstream LLC is a builder and developer of crude oil, natural gas and water-related midstream assets with an initial focus in Texas and Oklahoma.

Buy -
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