Enable Midstream Partners, LP has entered into a definitive agreement to acquire Align Midstream, LLC for approximately $300 million, subject to certain customary adjustments.
“This transaction is a very important milestone for our team,” said Fritz Brinkman, Chief Executive Officer of Align Midstream. “Over the past three years, we have created significant value for our stakeholders through acquiring and connecting underutilized gathering and processing assets to create an extensive system. This platform now serves some of the best producers in the basin.”
The transaction is subject to regulatory approval and closing conditions. It is expected to close as soon as possible after such regulatory approvals and closing conditions have been satisfied.