Global Infrastructure Partners (GIP) has invested up to $245 million in Easton Energy on behalf of its Global Infrastructure Partners Capital Solutions Fund II, representing the second commitment made by the fund.
Easton Energy is a Houston-based midstream company focused on developing infrastructure assets that support the transportation, storage and processing of natural gas liquids, refined products and petrochemicals along the Gulf Coast. The company’s assets include liquid hydrocarbon salt cavern storage facilities in Markham, Texas, and 450 miles of pipelines that connect key product markets along the Texas and Louisiana Gulf Coast.
The investment will be used to fund the organic growth of Easton's asset base and other strategic growth opportunities.
“We welcome this opportunity to partner with GIP, a leading infrastructure investor with experience in the midstream sector,” said Brad Ramsey, president and CEO of Easton. “GIP was able to tailor a pr
