Enable Midstream to buy Align Midstream for $300M

Align Midstream Partners, a portfolio company of Tailwater Capital, has entered into a definitive agreement to sell the company to Enable Midstream Partners LP for approximately $300 million, subject to certain customary adjustments.

Align operates a 100-million-cubic-feetper- day cryogenic natural gas processing plant in Panola, Texas, and approximately 190 miles of natural gas gathering pipelines across Rusk, Panola and Shelby counties in Texas and DeSoto Parish in Louisiana. Align’s assets are underpinned with longterm, fee-based contracts, including approximately 100,000 gross acres of dedication from producer customers.

For more information, visit www. enablemidstream.com or call (405) 525-7788, or visit www.alignmid stream.com or call (214) 238-5836.

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