EnCap Flatrock Midstream Considers Sale of Momentum Midstream for Over $5 Billion
EnCap Flatrock Midstream is exploring the sale of Momentum Midstream, a gas pipeline company, with an estimated value exceeding $5 billion. The private equity firm is in early discussions with financial advisers to find a potential buyer, which may include competitors and other private equity firms. If a sale occurs, it would rank among the largest transactions in the midstream sector in recent years. Momentum operates 4,000 miles of pipeline and serves various LNG facilities and power plants.
Theia Market Signal Identification - AI Assisted
EnCap Flatrock Midstream is considering selling Momentum Midstream, which could fetch over $5 billion. The firm is collaborating with financial advisers to identify potential buyers, including competitors and private equity firms.
Discussions are preliminary, and EnCap may opt to retain the asset. Momentum Midstream has a significant presence, operating 4,000 miles of pipeline and servicing 10 LNG facilities and 26 power plants. A successful deal would represent one of the largest in the midstream sector since Brookfield Infrastructure's $9 billion acquisition of Colonial Enterprises last year.
Comments