The Deal Middle Market Awards Name EagleClaw Midstream’s Acquisition of Pinnacle Midstream “Energy, Power & Utilities Deal of the Year”
The Deal has named EagleClaw Midstream’s acquisition of
Pinnacle Midstream from I Squared Capital the 2018 “Energy, Power &
Utilities Deal of the Year,” as part of their inaugural Middle Market Awards.
Elkins advised EagleClaw Midstream and funds managed by Blackstone Energy
Partners in connection with binding agreements between EagleClaw, Blackstone
and I Squared Capital, pursuant to which I Squared Capital committed over $500
million of cash and contributed its Delaware Basin midstream portfolio company,
Pinnacle Midstream, and became a partner in BCP Raptor Holdco, the parent
company for EagleClaw. The deal was announced and closed in November 2018.
corporate team was led by partner Keith Fullenweider and senior associates Benji
Barron and Robert Hughes, with assistance from partner Peter Marshall
and associates Kathryn Hastings, Maggie Webber, Danny Wicoff, Daniel Hatch and
The awards, recognizing leaders and innovators
in the world of dealmaking, covered deals involving at least one U.S. party
valued at $500 million or less. The Deal received hundreds of
nominations across dozens of categories and sectors, individuals and firms.