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Tailwater Capital to Acquire NorTex Midstream Partners
Positions Company for Continued Growth to Meet the Evolving Energy Needs of the Growing North Texas Region
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DALLAS, Feb. 17, 2021 /PRNewswire/
Tailwater Capital LLC ( Tailwater or the Firm ), a private equity firm based in Dallas, today announced that it has signed a definitive agreement to acquire NorTex Midstream Partners, LLC ( NorTex or the Company ), an independently owned Houston-based natural gas storage and transportation company. Financial terms of the transaction were not disclosed.
Founded in 2007, NorTex provides revenue optimization and asset reliability solutions for utilities and power generation facilities in North Texas through strategically located natural gas storage and transmission. The Company operates the largest portfolio of non-utility gas storage facilities in North Texas. NorTex s asset base includes 36 Bcf of depleted reservoir working gas capacity, 83 t