$2 billion deal closed
A team of FBT attorneys, led by Dallas Member Eddy Moore, represented EagleClaw Midstream Ventures LLC in a transaction to sell the company to Blackstone Energy Partners, the energy-focused private equity business of Blackstone (NYSE: BX).
EagleClaw is the largest privately held midstream operator in the Delaware Basin in West Texas. It operates natural gas pipelines and a gathering system that zigzag across more than 375 miles in Reeves, Ward and Culberson counties, with a total processing capacity of 320 million cubic feet per day. The amount of gas produced in the basin is second in the U.S. only to the Marcellus Shale. The deal, publicly announced on April 17, 2017, officially closed on June 22 and has received national media attention. In addition to Eddy, the team assisting EagleClaw included Managing Associate Mike Brewster and Senior Associate Stephen Kocon from FBT Pittsburgh; Senior Associate Nathan Harris and Member Gray Sasser from FBT Nashville; and Managing Associate Ben Hager and Member Marty Mooney from our Cincinnati office.
From the smallest local asset acquisitions for cash, to large international business acquisitions involving highly creative financing, FBT offers decades of experience in successfully directing all types of merger, acquisition and divestiture transactions, joint ventures and strategic business combinations. Our client base and experience cut across every major industry, including information technology, financial services, engineering and construction, chemicals, heavy industry, telecommunications, health care, natural resources, defense and aerospace, entertainment and hotel, and many more. As leading advisers to both public and private companies on all types of mergers and acquisitions transactions, the firm’s M&A attorneys assist with strategic planning and regulatory compliance for buyers, sellers, strategic investors and venture capitalists, management groups, independent committees of directors and investment banking firms. For more on the work we do, please visit our Mergers and Acquisitions Practice Group page.