DALLAS, Texas — Thompson & Knight advised Tailwater Capital LLC, a Dallas-based private equity firm, in its definitive agreements to acquire Tall Oak Midstream II and Tall Oak Midstream III from EnCap Flatrock Midstream. Through the Tall Oak III transaction, Tailwater will acquire a leading midstream service provider in the Arkoma Basin, and the Tall Oak team will operate Tailwater’s existing portfolio company, Connect Midstream, a full-suite midstream service provider in the same geographic region. The TK team also represented Connect Midstream in this transaction. In a separate transaction, Tailwater will also acquire a majority of assets of Tall Oak II, a full-suite midstream provider serving customers in the Mid-Continent.
The Thompson & Knight mergers and acquisition team was led by Holt Foster, Jesse Betts, and Courtney Roane; with the finance team led by Kurt Summers and Dean Hinderliter; and the rest of the transaction team including Tony Campiti, Jason Loden, Gregg Davis, Robert Eickenroht, Ashley Phillips, Sarah Frazier, Lindsay Kirton, John Phair, and Jana Wight.