One-Page Deal Sheet
EagleClaw Inks Deal to Acquire Caprock Midstream for $950MM
EagleClaw Midstream LLC Caprock Midstream, Pinnacle Midstream Llc
Announced Date
September 05,2018
Transaction Type
Corporate
Location
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Reeves ,Ward
Play
Transaction Details: Require Private Equity Subscription
EagleClaw Midstream, a portfolio company of Blackstone Energy Partners, has agreed to acquire Delaware Basin-focused Caprock Midstream Holdings from Energy Spectrum Capital and Caprock Midstream Management for $950 million. The assets also includes Pinnacle Midstream LLC as well.
The all-cash transaction is expected to close in 2018 and will be funded with equity and committed debt financing from Barclays Plc. EagleClaw’s current executive leadership team will lead the combined business, which shall operate under the EagleClaw name, following the closing of the transaction.
About CaprockCapr…
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