A Locke Lord team represented Edgewater Midstream, LLC, in an initial capital commitment of $400 million from EnCap Flatrock Midstream and the Edgewater management team. Based in Houston, Edgewater was formed in late 2019 to provide independent midstream logistics solutions to refiners, producers and marketers of crude oil, refined products and other bulk liquids. The company will focus on the acquisition, development and operation of pipeline and terminal solutions between and in proximity to major North American petroleum trading hubs and demand centers. For more information, see the press release. Assistance was provided by Jeff McPhaul, Mechelle Smith, DeLaina Mulcahy, Andrew Nelson and Andrew Reed (all of Houston).
Posted on January 9, 2020