Texas Locke Lord Team Advises Summit Midstream Corporation in Acquisition of Tall Oak Midstream III

A Locke Lord Texas team led by Bill Swanstrom and Jennie Simmons (both of Houston) advised Summit Midstream Corporation, a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets, in its definitive agreement to acquire Tall Oak Midstream III, in a cash-and-stock transaction valued at approximately $425 million with $25 million contingent consideration. The acquisition of Tall Oak Midstream III, a large-scale gas gathering and processing system in the Arkoma Basin, further enhances Summit’s growth outlook and free cash flow generating capabilities, extends its operational footprint and improves Summit’s credit profile. For more information, see the press release. Additional assistance was provided by Lauren Richter, Gislar Donnenberg, Jon Daly, Eric Larson, Laura L. Ferguson, Sara Longtain, Jeremy Petersen, Niha Ali, Ben Cowan, Elizabeth Corey, Akilah Craig (all of Houston), Van Jolas and Mark Backofen (both of Dallas).
Posted on October 2, 2024