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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 its customers.

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.

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