December 2021, Vol. 248, No. 12


Companies in the News December 2021

Texas Pipeline Operator Altus to Combine with BCP Raptor   Altus Midstream will merge with BCP Raptor, a holding company for  pipeline  assets in the Permian Basin, with the combined entity to be valued at $9 billion inclusive of debt.   The transaction allows BCP to go public and gives control of Altus to BCP’s backers, private equity firm Blackstone Inc. and infrastructure-focused investor I Squared Capital, according to Reuters.   Altus will increase scale in the Permian, as the combined entity becomes the biggest integrated midstream operator in the Delaware part of the formation.   As a result of the deal, Blackstone and I Squared will own 75% of the combination. Apache Corporation

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