M&A Deal Summary |
|
|---|---|
| Date | 2022-09-08 |
| Target | NorTex Midstream Partners |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Williams |
| Sellers(s) | Tailwater Capital |
| Deal Type | Divestiture |
| Deal Value | 423M USD |
| Advisor(s) | Wells Fargo Securities (Financial) Kirkland & Ellis (Legal) |
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| Category | Company |
|---|---|
| Founded | 1908 |
| Sector | Energy Services and Equipment |
| Employees | 5,601 |
| Revenue | 10.9B USD (2023) |
Williams is a North American energy infrastructure company. It owns interests in or operates 15,000 miles of interstate gas pipelines, 1,000 miles of NGL transportation pipelines, and more than 10,000 miles of oil and gas gathering pipelines. Williams was formed in 1908 and is based in Tulsa, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 10 |
| Sector (Oil/Gas Exploration) | 4 of 4 |
| Type (Divestiture) | 2 of 3 |
| State (Texas) | 4 of 4 |
| Country (United States) | 9 of 10 |
| Year (2022) | 1 of 2 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-01 |
Sequent Energy
Houston, Texas, United States Sequent Energy delivers smarter ways to optimize natural gas assets and serves the needs of utilities, marketers, retail aggregators, municipalities, and large industrials. Sequent Energy is based in Houston, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-15 |
MountainWest Pipelines
Las Vegas, Nevada, United States MountainWest Pipelines comprises roughly 2,000-miles of interstate natural gas pipeline systems. MountainWest Pipelines is based in Las Vegas, Nevada. |
Buy | $1.5B |
| Category | Private Equity Firm |
|---|---|
| Founded | 2013 |
| PE ASSETS | 4.4B USD |
| Size | Large |
| Type | Sector Focused |
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 | 5 of 8 |
| Sector (Oil/Gas Exploration) | 3 of 5 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 5 of 6 |
| Country (United States) | 5 of 8 |
| Year (2022) | 1 of 2 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-04 |
Renovo Resources
Irvine, California, United States Renovo Resources is an asset development company, that will provide turnkey produced water treatment solutions to a blue-chip customer base across the energy and industrial sectors. Renovo Resources is based in Irvine, California. |
Buy | - |
| 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 | - |
