Elevate Midstream Partners, LLC
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Elevate Midstream Partners, LLC - overview
Established
2017
Location
Houston, TX, US
Primary Industry
Oil & Gas
About
Elevate Midstream Partners, LLC offers comprehensive midstream services focused on the transportation, storage, and processing of natural gas and crude oil, ensuring efficient supply chain solutions for the energy sector. Founded in 2017 and headquartered in Houston, US, Elevate Midstream Partners specializes in midstream services for the oil and gas industry. The company received a notable investment of USD 100 mn from Tailwater Capital in October 2017, marking its only deal to date. Roger Fox serves as the CEO.
Elevate Midstream specializes in providing midstream services focused on the transportation, storage, and processing of natural gas and crude oil. Their core offerings include gathering systems, processing plants, and transportation pipelines designed to facilitate efficient and safe movement of hydrocarbons from production sites to refining or distribution points. These services address critical supply chain challenges faced by producers and consumers, ensuring timely deliveries and maintaining quality throughout the transportation process. Elevate Midstream primarily serves oil and gas companies operating in the United States and Canada, catering to a diverse client base that includes exploration and production firms, as well as downstream companies reliant on a steady supply of energy resources.
Their products are strategically positioned in key geographical markets, including the Permian Basin, Appalachian Basin, and the Bakken region, where demand for midstream services is robust. The revenue structure of Elevate Midstream is centered around long-term contracts and fee-based models that ensure stable cash flow from their midstream operations. Transactions typically occur through dedicated transportation agreements, allowing clients to secure their needs for pipeline capacity over specified terms. The company’s flagship services include the transportation of crude oil and natural gas, which are priced based on distance and volume, providing transparency and predictability in costs for their clients.
Additionally, Elevate Midstream may engage in partnerships or joint ventures with other firms to optimize infrastructure investments and enhance service offerings. The combination of these revenue streams facilitates a sustainable financial model, underpinning the company's operational efficacy and commitment to meeting market demands. In October 2017, Elevate Midstream secured a significant investment of USD 100 mn from Tailwater Capital to bolster its growth initiatives. The company plans to enhance its service offerings and expand into new regions, although specific upcoming products and geographical targets have yet to be disclosed.
Current Investors
Tailwater Capital
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services, Oil & Gas Transportation, Oil & Gas Exploration and Production
Website
www.elevatemidstream.com
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Elevate Midstream Partners, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Woodland Midstream, LLC | - | ||||||||
| Add-on | Completed | Orion Pipeline, LLC | - | ||||||||
| Growth | Completed | Elevate Midstream Partners, LLC | - |
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