A Houston-based investment firm is acquiring an Austin midstream company and an additional stake in its natural gas pipeline joint venture.
Austin-based WhiteWater Midstream will be sold to funds managed by Houston-based First Infrastructure Capital Advisors LLC, according to a Feb. 4 press release. WhiteWater was formed in 2016 and is backed by a $200 million equity commitment from Denham Capital Management, which has a main office in Houston, and North Carolina-based Ridgemont Equity Partners.
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