Tailwater Capital Partners with Ash Creek Renewables

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.

Tailwater Capital Acquires Majority Stake in Central Midstream

December 11, 2025

Oil & Gas

Tailwater Capital has acquired a majority interest in Central Midstream Partners, LLC, a Houston-based liquids transportation, storage and terminal services provider with assets across the Gulf Coast and Ohio/Utica region. Tailwater will invest additional equity from Tailwater Fund V to support growth projects while Central Midstream CEO George Jordan and the Jordan family remain involved post-transaction.

Farragut Capital Partners Provides Growth Capital to Clean Water Environmental

September 30, 2020

Environmental Services

Farragut Capital Partners provided unitranche debt to Clean Water Environmental, LLC (CWE), an Ohio-based processor of hazardous and non-hazardous wastewater that operates facilities in Dayton and Mansfield, Ohio. The financing refinanced the balance sheet and supplies growth capital to fund a new biological treatment plant at CWE's Dayton location and expand overall capacity; CWE is a portfolio company of Hunting Dog Capital and is led by CEO John Staton.

Tailwater Capital Acquires Tall Oak Midstream II and III from EnCap Flatrock Midstream

January 27, 2021

Energy

Tailwater Capital LLC has signed definitive agreements to acquire Tall Oak Midstream II and Tall Oak Midstream III from EnCap Flatrock Midstream. The transactions — executed via Tailwater Energy Fund III (Tall Oak III) and Tailwater Energy Fund IV (Tall Oak II) — will be integrated operationally with Tailwater's portfolio company Connect Midstream to expand pipeline, processing and compression capacity in the Arkoma STACK basin. Financial terms were not disclosed.

Tailwater Capital Forms Renovo Resources to Develop Produced Water Treatment Projects

April 4, 2022

Environmental Services

Tailwater Capital committed equity to form Renovo Resources, a new platform headquartered in Irvine, California, that will develop greenfield produced water treatment projects across North America. Renovo will provide turnkey produced water treatment and beneficial reuse solutions to energy, industrial and municipal customers to support water reuse and ESG objectives.

TRP Capital Partners and Waterfall Asset Management Invest in Flex Fleet Rental

February 11, 2019

Trucking & Fleet

TRP Capital Partners and Waterfall Asset Management have made a strategic growth investment in Flex Fleet Rental to support the truck-rental company's long-term expansion and investments in tools and technology. The funding will back Flex Fleet's national fleet of light- and medium-duty trucks and support continued service and capability enhancements for commercial customers across the United States.