Badlands Tank Lines Acquires Twin Eagle Transport

Eagle Transport Corporation Acquires Bulk Carriers, Inc.

May 17, 2023

Transportation

Eagle Transport Corporation has acquired Bulk Carriers, Inc., a Dalton, Georgia-based dry bulk trucking company. The acquisition expands Eagle Transport’s dry bulk transportation capacity and regional footprint, adding Bulk Carriers’ tractors, trailers and experienced operations team to Eagle’s southeastern network.

Groendyke Transport Acquires Georgia Tank Lines' Tank Truck Assets

December 15, 2021

Trucking & Fleet

Groendyke Transport, Inc. signed an agreement to acquire all tank truck assets of Georgia Tank Lines (GTL), increasing Groendyke's driver count by 39 to about 900 and adding three locations. The deal expands Groendyke's footprint into the greater Atlanta market and was expected to close Jan. 1, 2022.

Boxwheel Trailer Leasing Acquires Assets of Twin Bridges Enterprises

December 11, 2023

Trucking & Fleet

Boxwheel Trailer Leasing, a Denver-based trailer rental and leasing operator backed by Crosstimbers Capital Group, acquired the assets of Detroit-area Twin Bridges Enterprises. The asset purchase expands Boxwheel’s geographic coverage in the Detroit market as part of its ongoing acquisitive growth strategy supported by Crosstimbers and lenders.

Pioneer Natural Resources Acquires DoublePoint Energy Assets in Midland Basin

May 4, 2021

Oil & Gas

Pioneer Natural Resources completed the acquisition of the leasehold interests and related assets of DoublePoint Energy (structured as the purchase of Double Eagle III Midco 1 LLC) in the Midland Basin for approximately $6.2–$6.4 billion in stock, cash and assumed debt. The transaction adds ~97,000 contiguous net acres to Pioneer's Midland Basin footprint and was approved by the boards of the companies; DoublePoint was backed by equity commitments from Apollo, Quantum Energy Partners, Magnetar Capital and Blackstone Credit.

Energy Transfer Acquires WTG Midstream for $3.25 Billion

May 28, 2024

Oil & Gas

Energy Transfer LP agreed to acquire WTG Midstream Holdings LLC in a transaction valued at approximately $3.25 billion, comprising $2.45 billion in cash and ~50.8 million newly issued Energy Transfer common units. The deal, from affiliates of Stonepeak, the Davis Estate and Diamondback Energy, adds WTG's Permian-focused midstream assets — including a 6,000-mile pipeline network, eight processing plants (≈1.3 Bcf/d) and a 20% interest in the BANGL NGL pipeline — to Energy Transfer's footprint to enhance its gas/NGL supply, processing and downstream capabilities.

Tailwater Capital Acquires NorTex Midstream Partners

February 17, 2021

Oil & Gas

Dallas-based private-equity firm Tailwater Capital agreed to acquire NorTex Midstream Partners LLC, a Houston-based natural-gas storage and midstream operator. The acquisition gives Tailwater ownership of NorTex’s underground storage capacity (about 36 billion cubic feet), a trading hub and roughly 83 miles of pipeline near the Dallas–Fort Worth area to support gas-fired power generation as a complement to renewable energy.