Concurrent with the Sabalo acquisition, EIV Capital and multiple co-investors “substantially increased” their equity commitment for H2O Midstream to pursue additional growth in the Permian Basin.
The deal also marks the first transaction for American Midstream Partners since completing its merger with private-equity firm ArcLight Capital.
With Wall Street’s lingering hesitancy about the energy sector, private equity has taken on a larger role in financing the necessary midstream buildout.
A private oil and gas company backed by Chahta Equity Partners received the $4.5 million bridge loan for deployment in the Raccoon Bend Field in Texas.
The acquisitions represent the first transactions within a new partnership between Ward’s Mach Resources and Houston-based private-equity firm Bayou City Energy.
The acquisition of KK Wind Solutions marks a new direction for A.P. Moller, a family-owned company that has built its business on the shipping and oil industry.