Williams Nears $5.5 Billion Momentum Midstream Deal to Expand Gas Pipeline Network
Updated
Updated · Bloomberg · Jun 28
Williams Nears $5.5 Billion Momentum Midstream Deal to Expand Gas Pipeline Network
1 articles · Updated · Bloomberg · Jun 28
Summary
$5.5 billion would make Williams' planned purchase of Momentum Midstream one of the Tulsa-based company's largest deals ever, with talks now in an advanced stage.
Momentum is owned by private equity firm EnCap Flatrock Midstream, and Williams is said to be putting the finishing touches on an agreement to buy the gas pipeline operator.
The acquisition would broaden Williams' natural gas pipeline network, strengthening its footprint in midstream infrastructure if the deal is completed.