M&A Deal Summary

Ironwood Midstream Energy Partners II Acquires Nuevo Midstream Dos

On November 16, 2021, Ironwood Midstream Energy Partners II acquired oil/gas exploration company Nuevo Midstream Dos from EnCap Flatrock Midstream

Acquisition Highlights
  • This is Ironwood Midstream Energy Partners II’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Ironwood Midstream Energy Partners II’s 1st transaction in the United States.
  • This is Ironwood Midstream Energy Partners II’s 1st transaction in Texas.

M&A Deal Summary

Date 2021-11-16
Target Nuevo Midstream Dos
Sector Oil/Gas Exploration
Buyer(s) Ironwood Midstream Energy Partners II
Sellers(s) EnCap Flatrock Midstream
Deal Type Add-on Acquisition

Target

Nuevo Midstream Dos

Houston, Texas, United States
Nuevo Midstream Dos is specialized in design, building and operating world-class midstream systems and delivers superior service to oil and gas producers across North America. Nuevo Dos pursued organic and strategic acquisition opportunities across North America. Nuevo Midstream Dos was formed in 2015 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Ironwood Midstream Energy Partners II

San Antonio, Texas, United States

Category Company
Founded 2019
Sector Energy Services and Equipment
DESCRIPTION

Ironwood Midstream Energy Partners II is an independent energy company that provides a full suite of midstream services to oil and gas producers across North America. Ironwood Midstream Energy Partners II was formed in 2019 and is based in San Antonio, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

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 13 of 15
Sector (Oil/Gas Exploration) 11 of 12
Type (Add-on Acquisition) 7 of 9
State (Texas) 8 of 10
Country (United States) 13 of 15
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 Tall Oak Midstream II

Edmond, Oklahoma, United States

Tall Oak Midstream II is a full-suite midstream provider serving customers in the Mid-Continent. Tall Oak II was established to pursue greenfield and acquisition opportunities in oil and gas plays across North America and currently consists of over 750 miles of low and high-pressure gathering lines across eight Oklahoma counties in the STACK Extension. Tall Oak Midstream II is based in Edmond, Oklahoma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-21 Cardinal Midstream

Dallas, Texas, United States

Cardinal Midstream is an independent midstream company focused on the acquisition and development of natural gas gathering and processing opportunities, as well as congruent carbon capture and sequestration. Cardinal Midstream was founded in 2022 and is based in Dallas, Texas.

Buy -