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EQM Midstream Partners Announces Strategic, Bolt-on Acquisition

Vinson & Elkins advised Morgan Stanley Infrastructure Partners in a definitive agreement announced by Equitrans Midstream Corporation and EQM Midstream Partners, LP under which EQM will acquire a 60% interest in Eureka Midstream Holdings, LLC and a 100% interest in Hornet Midstream Holdings, LLC from a fund managed by Morgan Stanley Infrastructure Partners for total consideration of $1.03 billion, comprised of approximately $860 million in cash and approximately $170 million of assumed pro-rata debt.

The V&E corporate team was led by partner Peter Marshall with senior associates Matt Falcone and Jeannie Poland and associates H.T. Flanagan and Daryne Foote. Also advising were partners John Lynch, Stephen Jacobson, Sean Becker, John Decker and Hill Wellford.

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