M&A Deal Summary

Nuevo Midstream Dos Acquires Republic Midstream

On March 20, 2019, Nuevo Midstream Dos acquired oil/gas exploration company Republic Midstream from ArcLight Capital Partners

Acquisition Highlights
  • This is Nuevo Midstream Dos’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Nuevo Midstream Dos’ 1st transaction in the United States.
  • This is Nuevo Midstream Dos’ 1st transaction in Delaware.

M&A Deal Summary

Date 2019-03-20
Target Republic Midstream
Sector Oil/Gas Exploration
Buyer(s) Nuevo Midstream Dos
Sellers(s) ArcLight Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Latham & Watkins (Legal)

Target

Republic Midstream

Dover, Delaware, United States
Republic Midstream owns and operates a crude oil gathering, storage and intermediate transportation system in the Eagle Ford Shale.

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Buyer(S) 1

Buyer

Nuevo Midstream Dos

Houston, Texas, United States

Category Company
Founded 2015
Sector Oil/Gas Exploration
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Delaware M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

ArcLight Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2001
PE ASSETS 20.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ArcLight Capital Partners is private equity firm that invests in energy assets and businesses. Specific areas of interest include power generation; oil, natural gas, coal extraction and production; midstream gathering, processing, storage and transportation of oil, natural gas, coal; energy transportation; and energy distribution companies. ArcLight's geographic coverage includes opportunities across North America, Western Europe, and Australia/New Zealand. ArcLight was formed in 2001 and has offices in Boston and Luxembourg.


DEAL STATS #
Overall 24 of 29
Sector: Oil/Gas Exploration M&A 6 of 8
Type: Add-on Acquisition M&A Deals 7 of 10
State: Delaware M&A 1 of 1
Country: United States M&A 22 of 27
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 Third Coast Midstream

Denver, Colorado, United States

Third Coast Midstream 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. Third Coast Midstream was formed in 2009 and is headquartered in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 NGPL

Houston, Texas, United States

NGPL is a natural gas pipeline company and a transporter of natural gas, especially to the Chicago area market and the Gulf Coast, where it feeds LNG export facilities. NGPL provides access to all major supply basins through its own network and interconnections. NGPL is based in Houston, Texas.

Buy -