DC Capital Partners announces strategic investment in PK Companies
DC Capital Partners Management, a sector focused private equity firm that invests in middle market Government and Engineering companies, announced that it has made a control investment in PK Companies Group. PK’s founders have reinvested equity as part of this transaction. Founded in 2004, PK specializes in non-discretionary, regulatory driven specialty inspections, repair and maintenance, […]
Air Products sells LNG assets to Honeywell for $1.81B
Air Products has completed the sale of its LNG process technology and equipment business to Honeywell for $1.81 billion in cash. First announced in July 2024, closing conditions for the transaction have been fully met and regulatory approvals received. The divestiture of the LNG process technology and equipment business is strategic, reflecting Air Products’ firm […]
Enterprise to acquire Piñon Midstream for $950M
Enterprise Products Partners and Piñon Midstream, LLC, a portfolio company of Black Bay Energy Capital, reported that Enterprise’s affiliate has entered into a definitive agreement to acquire Piñon Midstream 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 […]
Woodside completes $1.2B acquisition of Tellurian
Woodside has completed the acquisition of Tellurian and its U.S. Gulf Coast Driftwood LNG development opportunity. Woodside has renamed the Driftwood LNG development opportunity Woodside Louisiana LNG. Woodside Louisiana LNG is an under-construction, pre-FID, LNG production and export terminal in Calcasieu Parish, Louisiana. It is a high-quality, scalable development opportunity, with a total permitted capacity […]
ONEOK to acquire Medallion, controlling interest in Enlink for $5.9B
ONEOK has executed a definitive agreement with Global Infrastructure Partners under which ONEOK will acquire GIP’s entire interest in EnLink Midstream, for a total cash consideration of approximately $3.3 billion. ONEOK and GIP also entered into a separate definitive agreement under which ONEOK will acquire from GIP all of the equity interests in Medallion Midstream, […]
ADNOC to purchase Covestro for $16B
Abu Dhabi National Oil Co. (ADNOC) has agreed to buy German chemical company Covestro for $16 billion. In addition to ADNOC making a public takeover for all outstanding shares of Covestro at an established price, it is committing itself to fully supporting Covestro’s “Sustainable Future” strategy. Sultan Ahmed Al Jaber, ADNOC managing director and group […]
Chevron-Hess merger clears FTC antitrust review
Chevron Corp. reported recently that the Federal Trade Commission (FTC) completed an antitrust review of the company’s merger with Hess Corp., satisfying a key closing condition for the transaction. “This is an important step toward completing the merger, which will benefit our shareholders, the industry and the country of Guyana, and add world-class assets to […]
