TPG Capital Announces Acquisition of Goodnight Midstream
Vinson & Elkins advised Goodnight Midstream in a transaction whereby TPG Capital, the private equity platform of global alternative asset firm TPG, will acquire a majority stake in Goodnight Midstream, a leading midstream produced water infrastructure company, valuing the company at approximately $930 million.
Goodnight Midstream builds and operates midstream oilfield
water infrastructure for oil and gas producers. The company owns and operates
an extensive network of water gathering pipelines and saltwater disposal wells
focused on gathering, transportation and disposing of produced saltwater for
The V&E corporate team was led by partner
Gillian Hobson with assistance from senior associates Ali Choate and Jeannie
Poland. Also advising were partner Chris Collins, senior associate Robbie
Hopkins and associate Ayman Haq; and partners Ryan Carney and James Meyer and
associate Christine Mainguy.