Investment Summary

EnCap Flatrock Midstream Invests In Cardinal Midstream III

On May 31, 2017, venture capital firm EnCap Flatrock Midstream invested in oil/gas exploration company Cardinal Midstream III

Investment Highlights
  • This is EnCap Flatrock Midstream’s 18th transaction in the Oil/Gas Exploration sector.
  • This is EnCap Flatrock Midstream’s 24th transaction in the United States.
  • This is EnCap Flatrock Midstream’s 19th transaction in Texas.

Investment Summary

Date 2017-05-31
Target Cardinal Midstream III
Sector Oil/Gas Exploration
Investor(s) EnCap Flatrock Midstream
Deal Type Growth Capital
Advisor(s) Mack Matheson & Marchesoni PLLC (Legal)

Target

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.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 24 of 29
Sector: Oil/Gas Exploration M&A 18 of 19
Type: Growth Capital M&A Deals 11 of 15
State: Texas M&A 19 of 23
Country: United States M&A 24 of 29
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-17 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Gravity Midstream

Houston, Texas, United States

Gravity Midstream is serving the North American refining and distribution complex with supply, infrastructure and logistics solutions. Gravity Midstream is based in Houston, Texas.

Sell -