Dallas Energy Company Sells for $300 Million to OKC Firm

A Dallas-based midstream company is being sold by its private equity owner for $300 million to an Oklahoma City firm.Tailwater Capital announced the sale of Dallas' Align Midstream LLC on Tuesday. The buyer is Enable Midstream Partners LP, a pipeline and processing joint venture between CenterPoint Energy of Houston and OGE Energy of Oklahoma. Align operates primarily in East Texas and North Louisiana. Its assets include a natural gas processing plant in Panola, Texas, and 190 miles of pipelines across Rusk, Panola and Shelby counties in Texas and DeSoto Parish in Louisiana. The sale is subject to regulatory approvals and closing conditions.  Continue reading...

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