One-Page Deal Sheet
Enterprise Acquires Navitas Midstream in $3.25B All-Cash Deal
Enterprise Products Partners LP Navitas Midstream Partners LLC
Announced Date
January 22,2022
Close Date
February 17,2022
Transaction Type
Corporate
Location
Region
Permian - Midland Basin
Country
United States
State
Texas
Play
Transaction Details: Require Private Equity Subscription
Navitas Midstream Partners Holdings, LLC announced the sale of 100% of its interests in Navitas Midstream Partners, LLC to an affiliate of Enterprise Products Partners L.P. for $3.25 billion in an all-cash deal.
Navitas is a portfolio company of funds managed by Warburg Pincus LLC, a leading global growth investor.
Founders R. Bruce Northcutt, Bryan Neskora and Jim Wade previously built Copano Energy, L.L.C. into a substantial enterprise at scale before its sale to Kinder Morgan.
R. Bruce Northcutt, CEO of Navitas, said: "We are excited to contribute our unique Midland Basin system to…
Permian - Midland Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-25-2022 |
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- |
Click here | Texas | Midstream |
| Nov-06-2019 |
- |
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Click here | Texas | Midstream |
| Oct-03-2019 |
- |
- |
Click here | Texas | Midstream |
| Dec-18-2018 |
- |
- |
Click here | Texas | Midstream |
| Oct-02-2017 |
- |
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Click here | Texas | Midstream |