Private Equity
Equity Group Investments and Colony Capital Inc have formed Alpine Energy Capital LLC, which provides capital and asset management solutions to the U.S. upstream oil and gas industry. No financial terms were disclosed.
3 min read · 10 September 2019
NJR Midstream, a business of New Jersey Resources, has agreed to acquire Houston-based Leaf River Energy Center LLC from Macquarie Infrastructure Partners. The purchase price is $367.5 million. The deal is expected to close in 2019.
3 min read · 06 September 2019
Therma Holdings LLC, a portfolio company of Gemspring Capital, has acquired VarcoMac LLC a provider of electrical systems and solutions serving the commercial, institutional and government markets. No financial terms were disclosed.
2 min read · 03 September 2019
Nine Energy Service Inc, an oilfield services company, has sold its production solutions segment to Brigade Energy Services LLC for about $17 million in cash. The deal closed on August 30, 2019. Brigade is a portfolio company of Turnbridge Capital.
3 min read · 03 September 2019
Wing Resources IV LLC said Aug. 28 that it raised $100 million in commitments from NGP. Wing IV is a Permian Basin focused mineral and royalty acquisition company.
2 min read · 29 August 2019
Blackstone Infrastructure Partners offered to buy the shares of Tallgrass Energy LP that it doesn’t already own for $19.50 a share, according to an Aug. 27 letter. The non-binding proposal values Tallgrass at $5.5 billion, Bloomberg said. The proposal comes months since Blackstone acquired a controlling stake in Tallgrass for $3.3 billion. Tallgrass, of Leawood, Kansas, is a midstream energy infrastructure company operating across 11 states.
7 min read · 28 August 2019
Capital Dynamics' European clean energy infrastructure business has agreed to acquire four operating wind projects in Northern Ireland from Brookfield Renewable Partners. No financial terms were disclosed.
3 min read · 20 August 2019
Ares Management Corporation has made an investment in Heelstone Energy, a utility-scale solar developer. No financial terms were disclosed. In conjunction with the investment, Heelstone Energy has rebranded to Heelstone Renewable Energy LLC. Marathon Capital LLC provided financial advice to Heelstone Energy on the transaction.
2 min read · 19 August 2019
Exxon Mobil is considering selling assets in the British North Sea and has held talks with a number of North Sea operators in recent weeks to gauge interest, Reuters reported. The assets could fetch up to $2 billion, the story said.
1 min read · 14 August 2019
Council Capital said Aug. 13 that it sold its stake in EspriGas to an entity affiliated with Kaltroco. Financial terms weren’t announced. EspriGas, of Atlanta, is a medical and industrial gas company that uses a network business model to manage the gas supply chain.
4 min read · 13 August 2019
