After a year of already monumental growth, WaterBridge Resources LLC is now poised for further expansion, the water midstream company’s private-equity backer, Houston-based Five Point Energy LLC, said May 17.

Five Point Energy sold a 20% minority equity stake in WaterBridge, also based in Houston, to affiliates of GIC, Singapore’s sovereign wealth fund. Though the terms of the transaction weren’t disclosed, the firm said the transaction’s purchase price implies a WaterBridge enterprise value of roughly $2.8 billion. 

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