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Warbug Looking to Sell Navitas Midstream for $3.0 Billion

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   |    Wednesday,October 24,2018

Private equity giant Warbug Pincus is looking to sell Navitas Midstream Partners, according to a report by Bloomberg.  

According to the report, the PE firm is hoping to get $3 billion for the Navitas's assets.

Navitas is said to have hired Jefferies to run the process of locating a buyer.

As you might remember, Navitas was founded by Bruce Northcutt, along wtih $500 million equity commitment from Warbug back in 2014.  Northcutt previously served as President of Copano Energy LLC, that was later sold to Kinder Morgan in 2013 for 5 million. 

Navitas, according to the company website has 1600 miles of natural gas gathering pipelines as well as processing facilities.

 

Assets

Spraberry Gathering System

Crane Gathering System

Howard County Gathering System


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