Private Equity Firm Energy

Tailwater Capital

Dallas, Texas, United States

Dallas-based energy infrastructure private equity firm focused on working constructively with proven management teams to deliver value-added solutions across the energy value chain.

Focus Areas
Energy infrastructure, Upstream Oil & Gas, Midstream Oil & Gas

Tracked deals

8

8 tracked deals across 2021-2025.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Addon

3 addon · 3 buyout · 1 divestiture

Tailwater Capital Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Tailwater Capital. 3 2021 2 2022 1 2023 1 2024 1 2025

Supporting Data

Recent Transactions

  • Tailwater Capital Acquires Majority Stake in Central Midstream
    December 11, 2025
    Buyer
    Tailwater Capital
    Target
    Central Midstream Partners, LLC
    Seller
    Jordan family
    Industry
    Oil & Gas
    Location
    Texas, United States
    Type
    Buyout

    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.

  • Tailwater E&P Acquires Non‑Operated Permian Basin Asset Package from Accelerate
    October 1, 2024
    Buyer
    Tailwater E&P LLC, Tailwater Capital LLC
    Target
    Non‑operated working interest asset package (Permian Basin) — assets acquired from Accelerate Resources Operating LLC
    Seller
    Accelerate Resources Operating LLC
    Industry
    Oil & Gas
    Location
    Texas; New Mexico, United States
    Type
    Divestiture

    Tailwater E&P LLC, the upstream platform of private equity firm Tailwater Capital, acquired an off‑market non‑operated working interest asset package in the Permian Basin from Accelerate Resources Operating LLC. The assets include more than 5,000 net leasehold acres and produce in excess of 5,000 net barrels of oil equivalent per day across the Midland and Delaware Basins, and Tailwater E&P hedged a significant portion of the production profile as part of the transaction.

  • Tailwater Capital Partners with Ash Creek Renewables
    July 25, 2023
    Buyer
    Tailwater Capital LLC
    Target
    Ash Creek Renewables
    Industry
    Renewable Energy
    Location
    Connecticut, United States
    Type
    Buyout

    Dallas-based private equity firm Tailwater Capital announced a partnership with Ash Creek Renewables to back the company as a platform for renewable fuel feedstock solutions. Ash Creek, led by CEO John Cusick, will provide feedstock marketing, distribution, pretreatment and logistics to North American renewable diesel and sustainable aviation fuel producers.

  • Tailwater Capital Forms Renovo Resources to Develop Produced Water Treatment Projects
    April 4, 2022
    Buyer
    Tailwater Capital LLC
    Target
    Renovo Resources LLC
    Industry
    Environmental Services
    Location
    California, United States
    Type
    Growth capital

    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.

  • Cureton Midstream Acquires Gilcrest System from Aka Energy Group
    February 2, 2022
    Buyer
    Cureton Midstream, LLC, Tailwater Capital, LLC
    Target
    Gilcrest System
    Seller
    Aka Energy Group, LLC
    Industry
    Energy
    Location
    Colorado, United States
    Type
    Addon

    Denver-based Cureton Midstream, a Tailwater Capital portfolio company, acquired the Gilcrest System — a midstream gas gathering and processing system in the DJ Basin — from Aka Energy Group on February 1, 2022. The asset adds more than 38 MMcf/d of processing capacity, over 100 miles of gathering pipeline and long-term acreage dedications, expanding Cureton's processing capacity and connectivity in the core of the DJ Basin.

  • Tall Oak Midstream II (Tailwater-Backed) Acquires Redcliff Midstream
    March 24, 2021
    Buyer
    Tall Oak Midstream II (Tall Oak Midstream), Tailwater Capital, LLC
    Target
    Redcliff Midstream
    Seller
    Canyon Midstream Partners II, LLC
    Industry
    Energy
    Location
    Oklahoma, United States
    Type
    Addon

    Tall Oak Midstream (Tall Oak II), backed by Dallas-based private equity firm Tailwater Capital, has acquired Redcliff Midstream, a gas gathering, treating and processing provider operating in Oklahoma's Northern STACK play. The acquisition expands Tall Oak II’s pipeline, compression and processing footprint in the Northern STACK Extension region; financial terms were not disclosed.

  • Tailwater Capital Acquires NorTex Midstream Partners
    February 17, 2021
    Buyer
    Tailwater Capital
    Target
    NorTex Midstream Partners LLC
    Industry
    Oil & Gas
    Location
    Texas, United States
    Type
    Buyout

    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 Tall Oak Midstream II and III from EnCap Flatrock Midstream
    January 27, 2021
    Buyer
    Tailwater Capital LLC (Tailwater Energy Fund III and Tailwater Energy Fund IV)
    Target
    Tall Oak Midstream II, Tall Oak Midstream III
    Seller
    EnCap Flatrock Midstream
    Industry
    Energy
    Location
    Oklahoma, United States
    Type
    Addon

    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.

Related Acquisition Pages

Energy Buyers & Acquisitions 3 tracked deals by Tailwater Capital. Oil & Gas Buyers & Acquisitions 3 tracked deals by Tailwater Capital. Environmental Services Buyers & Acquisitions 1 tracked deal by Tailwater Capital. Renewable Energy Buyers & Acquisitions 1 tracked deal by Tailwater Capital. Acquisitions in Oklahoma 2 tracked deals by Tailwater Capital. Acquisitions in Texas 2 tracked deals by Tailwater Capital. Acquisitions in California 1 tracked deal by Tailwater Capital. Acquisitions in Colorado 1 tracked deal by Tailwater Capital.

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