Basalt Acquires Third Coast Midstream's Natural Gas Transmission Business (Black Bear Transmission)

Enstor Acquires Black Bear Transmission from Basalt Infrastructure Partners

November 12, 2025

Energy

Enstor Pipeline Holdings, an affiliate of Enstor Gas, LLC, has completed the acquisition of Black Bear Transmission Opco, LLC from funds advised by Basalt Infrastructure Partners. The deal expands Enstor’s natural gas transmission footprint across the Southeastern United States, adding ~1,700 miles of pipeline and 2.6 Bcf/d of capacity to its existing assets.

NextEra Energy Transmission Acquires Trans Bay Cable

July 16, 2019

Energy

NextEra Energy Transmission, a subsidiary of NextEra Energy, Inc., completed the acquisition of Trans Bay Cable, LLC from affiliates of SteelRiver Infrastructure Fund North America. The 53-mile high-voltage direct current underwater transmission cable connecting Pittsburg, California to San Francisco will be added to NextEra's regulated transmission portfolio; financial terms were not disclosed.

Basalt Infrastructure Partners Acquires Xpress Natural Gas

February 1, 2021

Energy

Basalt Infrastructure Partners' Basalt III fund has entered into a definitive agreement to acquire Xpress Natural Gas (XNG), a provider of compressed natural gas (CNG) and virtual-pipeline services operating in the United States and Canada. The deal — terms undisclosed and subject to customary closing conditions — will give XNG access to Basalt's capital and operational resources to support its growth across utility, commercial, industrial and virtual pipeline markets.

Legence Acquires Black Bear Energy to Expand Renewable Energy Procurement Capabilities

July 19, 2022

Energy

Legence, a Blackstone portfolio company, has acquired Black Bear Energy to expand its onsite renewable energy procurement and clean-tech project capabilities. The deal strengthens Legence's ability to deliver end-to-end decarbonization solutions across the built environment.

Terramont Infrastructure Partners Acquires Majority Interest in Bull Moose Capital

October 2, 2025

Oil & Gas

Terramont Infrastructure Partners has acquired a majority interest in Bull Moose Capital Ltd., Canada’s largest provider of natural gas compression and power generation solutions. The seller was TriWest Capital Partners, and Terramont said the investment will support Bull Moose’s geographic expansion and increased focus on larger energy infrastructure projects.

Basalt Infrastructure Partners Acquires Fatbeam from SDC Capital Partners

May 31, 2023

Telecommunications

Funds advised by Basalt Infrastructure Partners have closed the acquisition of Fatbeam Holdings, LLC from a fund managed by SDC Capital Partners and other investors. Fatbeam is a fiber broadband provider operating ~1,250 route miles across the western United States; Basalt said it will partner with management to continue the company’s growth and expand connectivity to education, commercial, carrier, and government customers.