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Tailwater Capital Announces Strategic Investment in Central Midstream marks a move to accelerate growth in liquids transportation, storage, and terminal services along the Gulf Coast and Utica regions.
- Tailwater acquired a majority stake in Central Midstream, a family-founded company with over 50 years of experience managing pipelines, storage capacity, and a multi-modal Ohio terminal connecting Utica condensate to waterborne and rail markets.
- The investment includes additional equity from Tailwater Fund V to fund near-term growth projects, while George Jordan remains CEO, ensuring continuity in leadership.
- Central Midstream's assets include over 100 miles of pipeline, roughly 350,000 barrels of storage, and diversified services supporting customers across LNG, refining, petrochemicals, and trading sectors.
- Tailwater's strategic partnership aims to enhance operational capabilities, expand infrastructure footprint, and bolster long-term value creation in natural gas demand-pull infrastructure.
- Central Midstream CEO George Jordan emphasizes the partnership as a milestone that supports their focus on reliable service and growth opportunities.
- Legal advisors for the transaction were Gibson, Dunn & Crutcher LLP for Central Midstream and Troutman Pepper Locke LLP for Tailwater.
- Tailwater Capital is a Dallas-based firm with over 6 billion in raised capital, a history of executing 235+ transactions valued at more than 28 billion, dedicated to energy and infrastructure investments.