A Locke Lord team led by Mitch Tiras (Houston) 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. Additional assistance was provided by Jeff McPhaul, DeLaina Mulcahy, Mechelle Smith, Matt McKenna, Andrew Nelson and Andrew Reed (all of Houston) and Mike Conroy (Chicago).
Posted on January 9, 2020