Tailwater Capital, a private equity firm based in Dallas, has agreed to acquire NorTex Midstream Partners, an independently-owned natural gas storage and transportation company in Houston, for an undisclosed amount.
NorTex operates the largest portfolio of non-utility gas storage facilities in North Texas. The company’s storage facilities have operated consistently for nearly 60 years, serving as critical infrastructure for the greater Dallas–Fort Worth market.
Tailwater said the acquisition will provide the company with highly strategic storage infrastructure located adjacent to both the Dallas–Fort Worth metropolitan region and key inbound gas supply pipelines.
NorTex will continue to be led by the current management team, including CEO John Holcomb, CFO Reed Hatch and COO Kurt Haaland.
“NorTex and its facilities have served as an irreplaceable component of the North Texas power grid for nearly 60 years, with a long track record of consisten