Investment Summary

Stonepeak Invests In WTG

On September 1, 2021, infrastructure investor Stonepeak invested in infrastructure company WTG

Investment Highlights
  • This is Stonepeak’s 4th transaction in the Infrastructure sector.
  • This is Stonepeak’s 17th transaction in the United States.
  • This is Stonepeak’s 4th transaction in Texas.

Investment Summary
Date 2021-09-01
Target WTG
Sector Infrastructure
Investor(s) Stonepeak
Deal Type Stake Purchase

Target

WTG

Midland, Texas, United States
WTG has core businesses in natural gas distribution, transmission, gathering and processing, natural gas liquids transmission, liquids fuels services, and convenience stores. WTG owns and operates more than 9,000 miles of gathering pipelines, 7 processing plants, and approximately 5,800 miles of distribution mainlines serving over 28,000 customers within Oklahoma and Texas.

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Investor(S) 1

Investor

Stonepeak

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2011
PE ASSETS 57.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.

DEAL STATS #
Overall 28 of 40
Sector (Infrastructure) 4 of 6
Type (Stake Purchase) 8 of 9
State (Texas) 4 of 4
Country (United States) 17 of 22
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Emergent Cold Latin America

Miami, Florida, United States

Emergent Cold Latin America is a cold storage network to provide integrated, end-to-end temperature-controlled logistics solutions to customers throughout Latin America. Emergent Cold Latin America was founded to fill a need for modern cold-chain solutions within the market and to serve the increasing demand from domestic and global trade customers. Emergent Cold Latin America is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 Seapeak

Hamilton, Bermuda

Seapeak is a diverse, multicultural and global group of experienced seafarers and operational and commercial leaders. With ownership interests in 74 vessels, Seapeak is a world leader, with one of the largest fleets of Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) vessels. The company is committed to providing the highest level of operational performance for its customers, and always safety first, no compromises.

Buy $6.2B
Mergr

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