Macquarie Capital Principal Finance has purchased a majority stake in Multifuels Midstream Group, a differentiated power and utility infrastructure platform focused on lateral natural gas pipelines in the United States, from Warren Equity Partners and Multifuels.
Financial terms and the size of the stake were not disclosed.
Multifuels Midstream is one of a limited number of companies focused on “demand-pull” lateral natural gas pipelines. The company has more than 150 miles of owned and operated pipelines that transport natural gas to 18 utility service areas across Central Texas.
“Multifuels Midstream occupies a critical space in power and utility infrastructure services and has a demonstrated track record and excellent reputation with its customers and regulators,” said James Fincher, managing director at Macquarie. “This track record and proven engineering ability create significant competitive advantages in what we believe is an attractive and unde
