M&A Deal Summary

Tailwater Capital Acquires Ash Creek Renewables

On July 25, 2023, private equity firm Tailwater Capital acquired renewable energy company Ash Creek Renewables

Acquisition Highlights
  • This is Tailwater Capital’s 1st transaction in the Renewable Energy sector.
  • This is Tailwater Capital’s 28th transaction in the United States.
  • This is Tailwater Capital’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2023-07-25
Target Ash Creek Renewables
Sector Renewable Energy
Buyer(s) Tailwater Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Ash Creek Renewables

Southport, Connecticut, United States
Ash Creek Renewables provides renewable fuel feedstock marketing and aggregation services to the biomass diesel and sustainable aviation fuel industries. Ash Creek Renewables is based in Southport, Connecticut.

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Buyer(S) 1

Buyer

Tailwater Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
PE ASSETS 4.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Tailwater Capital LLC is a specialist private equity firm focused on middle-market opportunities in the midstream and upstream sectors of the energy industry. Tailwater will consider acquisitions of non-core assets, roll-up situations, anchored greenfields, and joint ventures. Tailwater Capital was formed in 2013 and is based in Dallas, Texas.

DEAL STATS #
Overall 28 of 28
Sector (Renewable Energy) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 14 of 14
State (Connecticut) 1 of 1
Country (United States) 28 of 28
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Align Midstream Partners II

Dallas, Texas, United States

Align Midstream Partners II is a midstream company focused on serving producers’ needs in emerging and established basins within the US. Align is concentrated on building greenfield midstream assets including gas, crude oil, and water gathering pipelines, treating and processing plants, and salt water disposal wells in emerging basins. Align Midstream Partners II was founded in 2017 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Cureton Midstream

Denver, California, United States

Cureton Midstream is a midstream company focused on providing commercial solutions to its customers. Cureton Midstream was founded in 2016 and is based in Denver, California.

Sell -
Mergr

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