Tailwater Capital has completed the acquisition of a majority interest in Central Midstream Partners, expanding its exposure to liquids-focused, demand-pull energy infrastructure. Originally founded as Central Crude more than five decades ago, Central Midstream operates a strategically positioned network of pipelines, storage assets, and terminal infrastructure serving customers across the Gulf Coast and the Utica region. The platform includes more than 100 miles of pipeline, roughly 350,000 barrels of storage capacity, and a multimodal terminal in Ohio that connects Utica condensate production to rail and waterborne markets.
Tailwater Managing Director Drew Winston said the investment builds on the firm’s strategy in natural gas and liquids infrastructure, while Central Midstream CEO George Jordan highlighted Tailwater’s sector expertise and long-term approach as catalysts for the company’s next phase of growth. Tailwater will deploy additional capital from Fund V to support near-term expansion projects, with Jordan continuing to lead the business. Legal counsel was provided by Gibson, Dunn & Crutcher for Central Midstream and Troutman Pepper Locke for Tailwater.
Source: PR Newswire
