Black Bear Transmission Announces Acquisition of Natural Gas Transmission Assets from Third Coast Midstream
Vinson & Elkins advised Basalt in the announcement by its portfolio company Black Bear Transmission LLC that an affiliate has entered into a definitive agreement to acquire a portfolio of Natural Gas Transmission (NGT) assets from a subsidiary of Third Coast Midstream LLC.
The NGT assets are a natural extension to the Southeast United States natural gas transmission business that Basalt acquired from Third Coast Midstream in 2019, which resulted in the formation of Black Bear. This transaction marks Black Bear’s second bolt-on acquisition, having acquired the Ozark system from Enbridge in April 2020.
About Vinson & Elkins
For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.
For more information, please speak with our media contacts.