DALLAS – Troutman Pepper Locke represented Tailwater Capital LLC (Tailwater), an energy and infrastructure private equity firm, in its acquisition of a majority interest in Central Midstream Partners, LLC (Central Midstream), which provides liquids transportation, storage, and terminal services supporting demand-pull customers across the Gulf Coast and Utica region. For more information, see the press release.
Central Midstream operates a strategically located portfolio of logistics and midstream infrastructure assets, including more than 100 miles of pipeline, approximately 350,000 barrels of storage capacity, and a multi-modal terminal in Ohio that links Utica condensate production to waterborne and rail markets. As part of the transaction, Tailwater will invest additional equity from Tailwater Fund V to support near-term growth projects.
The Troutman Pepper Locke team that advised Tailwater was led by Henry Benton and Ashley Lopez with support from Bill Swanstrom, Shaylen Jessop, Brett Miller, Mackenzie Purvis, Andrew Nelson, Geoff Polma, Mechelle Smith, John Nelson Jr., Jerry Higdon, Mark Backofen, Angelica Li, Elizabeth Casey, Grace Elliott, Buddy Sanders, Nick Dickerson, Laura L. Ferguson, Jani Lotz, Mindy McGrath, Emma Bennett, Antonia Douglas, Daniel Archuleta, and Sara Longtain.
Troutman Pepper Locke’s market-leading energy practices help clients with their most important and complex matters throughout the U.S. and beyond. From electric power, oil and gas, or emerging technologies, the cross-discipline team is equipped to handle any related matters, drawing on the depth of the firm’s knowledge in the market. Troutman Pepper Locke regularly advises electric utilities, independent power producers, banks, upstream and midstream natural gas companies and service companies, private equity funds, and other large corporations. Learn more at energylawinsights.com.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.