EnCap exits Momentum Midstream in $5.5bn sale to Williams
Private equity-backed Momentum Midstream is changing hands after Williams Companies agreed to acquire the business from EnCap Flatrock Midstream in a transaction valued at up to $5.5bn, delivering another significant infrastructure exit for the energy-focused PE firm, according to a report by Bloomberg.
Williams Companies finalized the acquisition of Momentum Midstream in a $5.5 billion deal, according to Bloomberg. The transaction, which includes a mix of cash and debt, aims to bolster Williams' infrastructure in the Haynesville shale basin. Momentum Midstream operates around 4,000 miles of natural gas pipelines, connecting production areas to export terminals and industrial customers along the US Gulf Coast.
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