M&A Deal Summary |
|
|---|---|
| Date | 2018-11-01 |
| Target | Velocity Midstream Partners II |
| Sector | Energy Services and Equipment |
| Buyer(s) | Enable Midstream Partners |
| Sellers(s) | Energy Spectrum Capital |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 2013 |
| Sector | Oil/Gas Exploration |
| Employees | 1,706 |
| Revenue | 2.5B USD (2020) |
Enable Midstream Partners is an operator and developer strategically located natural gas and crude oil infrastructure assets. Enable’s assets include approximately 12,900 miles of gathering pipelines, 14 major processing plants with approximately 2.5 Bcf/d of processing capacity, approximately 7,800 miles of interstate pipelines, approximately 2,200 miles of intrastate pipelines, and eight storage facilities comprising 85.0 billion cubic feet of storage capacity. Enable Midstream Partners was founded in 2013 and is based in Oklahoma City, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2018) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-12 |
Align Midstream
Dallas, Texas, United States Align Midstream is a midstream company focused on servicing producers’ needs in East Texas and North Louisiana. Align operates a 100-million cubic feet per day cryogenic natural gas processing plant in Panola, Texas, and approximately 190 miles of natural gas gathering pipelines across Rusk, Panola and Shelby counties in Texas and DeSoto Parish in Louisiana. Align’s assets are underpinned with long-term, fee-based contracts, including approximately 100,000 gross acres of dedication from producer customers. Align Midstream is based in Dallas, Texas. |
Buy | $300M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 4.5B USD |
| Size | Large |
| Type | Sector Focused |
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 | 33 of 42 |
| Sector (Energy Services and Equipment) | 24 of 28 |
| Type (Add-on Acquisition) | 16 of 21 |
| State (Oklahoma) | 10 of 12 |
| Country (United States) | 31 of 39 |
| Year (2018) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-05 |
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. |
Sell | $950M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-09 |
Pinnacle Midstream
Houston, Texas, United States Pinnacle Midstream is an independent energy company focused on the development of energy midstream infrastructure for oil and gas producers working in various basins across North America. Pinnacle Midstream is based in Houston, Texas. |
Buy | - |
