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Company Scores $1 Billion from Private Equity Firm
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Discovery Midstream Holdings II, LLC, a midstream company, announced that it has received an initial equity commitment of up to $1.0 billion from Stonepeak Infrastructure Partners to pursue a suite of North American midstream opportunities.
Headquartered in Dallas, Texas, Discovery is led by its four founding partners who have a successful track record of value creation in the midstream industry. The team includes Co-CEO’s Drew Chambers and Steven Meisel, CFO Daniel Sailorsand COO Cory Jordan.
Discovery’s founding partners have profitably invested greater than $2.0 billion of equity into the midstream industry during their careers, having previously worked together at Discovery Midstream I and Wildcat Midstream Partners and independently at Regency Gas Services, Energy Transfer, TPG Capita…
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