08/21/2024 | Press release | Distributed by Public on 08/21/2024 09:33
Kirkland & Ellis counseled Piñon Midstream, LLC, a Black Bay Energy Capital portfolio company, on its definitive agreement to be acquired by an Enterprise Products Partners L.P. (NYSE: EPD) affiliate in a debt-free transaction for $950 million in cash consideration. Piñon Midstream provides natural gas gathering and treating services in the core of the prolific eastern flank of the Delaware Basin in New Mexico and Texas.
The Kirkland team was led by corporate partners Bill Benitez and Alec Manzer and associates Austin Johnson, Dallin Miller and Jake Moeller; tax partners David Wheat and Sam Kamyans and associate David Gilbert; executive compensation partner Stephen Jacobson and associate Maddison Riddick; environmental transactions partner Jim Dolphin; antitrust & competition partner Todd Garcia; corporate partner Chad Smith; employment & labor partner Christie Alcala; and employee benefits partner Justin Coddington.