Tailwater Capital Acquires Gas-Storage Provider NorTex Midstream

Tailwater Capital agreed to acquire NorTex Midstream Partners LLC, betting that natural-gas storage will become increasingly important to help power operators compensate for the intermittent supply of renewable energy sources.

Founded in 2007, Houston-based NorTex owns underground gas-storage systems with a total capacity of 36 billion cubic feet as well as a gas hub and 83 miles of pipelines close to the Dallas-Fort Worth area. Power generators and gas utilities use NorTex’s systems to store natural gas.

Tailwater Capital focus their private equity expertise on investments across the upstream and midstream sectors. For decades, they have instilled a spirit of partnership, entrepreneurship, and confidence. They understand that being committed to a sector means long-term personal relationships and investment for mutual success.

Source: Reuters