Sixth Street Invests $600 Million in Pinnacle Gas Services Minority Equity Stake
June 15, 2026
Comstock Resources sold a 27% non-controlling minority equity interest in its midstream subsidiary Pinnacle Gas Services LLC to certain funds managed by Sixth Street for $600 million. The investment values Pinnacle at a $2.2 billion enterprise value, while Comstock retained 73% controlling equity and continues to manage, operate, and control Pinnacle under a management services agreement.
- Targets
- Pinnacle Gas Services LLC
- Sellers
- Comstock Resources, Inc.
- Industry
- Energy
- Location
- Texas, United States
- Transaction Type
- Growth capital
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