Ridgewood Infrastructure Acquires SiEnergy, LP

Northwest Natural Holding Company Acquires 80% Stake in SiEnergy from Ridgewood Infrastructure

January 8, 2025

Utilities

Northwest Natural Holding Company (NYSE: NWN) has acquired an 80% interest in SiEnergy from Ridgewood Infrastructure. SiEnergy is a regulated natural gas distribution utility serving residential and commercial customers in the greater Houston, Dallas and Austin metropolitan areas; under Ridgewood's ownership the customer base grew from ~20,000 to over 70,000.

Ridgewood Infrastructure Acquires Waste Resources Management (WRM)

January 9, 2024

Environmental Services

Ridgewood Infrastructure LLC has acquired Waste Resources Management (WRM), a Houston-based provider of liquids and wastewater collection, treatment and disposal services that operates 13 treatment facilities across the U.S. Ridgewood said the acquisition expands its water-sector platform and will support WRM’s growth and service offering enhancements as the firm scales the business.

Ridgewood Infrastructure Makes Structured Equity Investment in MN8 Energy

April 1, 2024

Renewable Energy

Ridgewood Infrastructure LLC announced a structured equity investment in MN8 Energy, one of the largest independent U.S. solar and energy storage power producers. The investment will provide capital to scale MN8's portfolio of solar, battery storage and EV charging projects and support the company's continued growth.

LP First Capital Acquires REI Utility Services

September 25, 2024

Utilities

LP First Capital has acquired REI Utility Services, a Texas-based provider of joint-use management and field engineering services for electric cooperatives. The transaction was supported by unitranche debt and an equity co-investment from Graycliff Partners and Brookside Capital Partners; REI's management team will remain in place as the firm pursues geographic and service expansion.

Energy Transfer LP to Acquire Crestwood Equity Partners LP

August 16, 2023

Oil & Gas

Energy Transfer LP has entered into a definitive agreement to acquire Crestwood Equity Partners LP in an all-equity transaction valued at approximately $7.1 billion (including assumed debt). The deal extends Energy Transfer’s midstream footprint deeper into the Williston, Delaware and Powder River basins and adds gathering, processing, storage and terminal assets that complement its existing NGL, crude and export capabilities.

Blackstone Infrastructure Partners Acquires ~44% Economic Interest in Tallgrass Energy

February 5, 2019

Energy

Affiliates of Blackstone Infrastructure Partners agreed to acquire 100% of the general partner membership interests and approximately a 44% economic interest in Tallgrass Energy, LP from Kelso & Co., The Energy & Minerals Group and certain management investors for about $3.3 billion in cash. Singapore sovereign wealth fund GIC will be a minority investor in the transaction; the deal represents an ownership transition and provides capital and strategic support for Tallgrass’s midstream growth projects.