ONEOK Acquires EnLink Midstream (Including GIP’s Interest) and Medallion Midstream
January 31, 2025
ONEOK executed definitive agreements to acquire Global Infrastructure Partners’ controlling interest in EnLink Midstream and to buy Medallion Midstream, strengthening ONEOK’s integrated Permian Basin and broader midstream platform. ONEOK later announced a definitive merger agreement to acquire the remaining publicly held EnLink common units in a tax-free exchange, and subsequently completed the EnLink acquisition in January 2025.
- Buyers
- ONEOK, Inc.
- Targets
- EnLink Midstream, LLC, EnLink Midstream, LLC (publicly held common units), EnLink Midstream, LLC managing member interests (via GIP stake), Medallion Midstream, LLC
- Sellers
- Global Infrastructure Partners (GIP)
- Industry
- Infrastructure
- Location
- Oklahoma, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.