M&A Deal Summary

Trace Midstream Acquires Gemini Midstream

On January 31, 2020, Trace Midstream acquired oil/gas exploration company Gemini Midstream from Quantum Energy Partners

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

M&A Deal Summary

Date 2020-01-31
Target Gemini Midstream
Sector Oil/Gas Exploration
Buyer(s) Trace Midstream
Sellers(s) Quantum Energy Partners
Deal Type Add-on Acquisition

Target

Gemini Midstream

Houston, Texas, United States
Gemini Midstream is a Houston-based midstream company focused on the acquisition and development of upstream-oriented gathering and processing assets and end-user focused downstream infrastructure.

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Buyer(S) 1

Buyer

Trace Midstream

Houston, Texas, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Trace Midstream provides midstream solutions to producers with a focus on customer service, safety and operational excellence. Trace Midstream is dedicated to developing custom midstream solutions for its customers and executing each project in a timely, safe and cost efficient manner. Trace Midstream 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: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Quantum Energy Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Quantum Energy Partners is a specialist private equity firm focused on investments within the energy sector. Quantum's primary focus is on opportunities within the oil and gas upstream and midstream sectors, however, the Firm will also consider investments in oil field services and equipment, coal, power generation and transmission, and renewable/alternative energy. Quantum's target investment size is $100 to $400 million. Quantum invests in start-ups as well as established companies needing expansion capital. Quantum Energy Partners was formed in 1998 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 17 of 26
Sector: Oil/Gas Exploration M&A 12 of 17
Type: Add-on Acquisition M&A Deals 10 of 17
State: Texas M&A 8 of 14
Country: United States M&A 14 of 23
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 547 Energy

Houston, Texas, United States

547 Energy invests in and partners with innovative companies and development platforms around the globe that focus on cleantech, renewable power, energy efficiency, grid resilience or the digitalization of the energy sector. 547 Energy was founded in 2019 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Middle Fork Energy Partners

Denver, Colorado, United States

Middle Fork Energy Partners company focused on acquiring, developing and operating properties in the Rocky Mountain region of the United States. Middle Fork Energy Partners was founded in 2017 and is based in Denver, Colorado.

Sell -