Iron Horse Midstream LLC
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Iron Horse Midstream LLC - overview
Established
2018
Location
Dallas, TX, US
Primary Industry
Oil & Gas
About
Based in Texas, US, and founded in 2018, Iron Horse Midstream operates as an oil and gas company that specializes in offering services related to natural gas, including gathering, transmission, processing, compression, and treating. In 2018, Cardinal Midstream III, LLC, EnCap Investments, and NGP, along with the company's management, formed Iron Horse Midstream for USD 250 million. Iron Horse Midstream provides natural gas gathering and transmission services to oil and gas producers. Furthermore, the company offers producer services such as natural gas processing, compression, and treatment.
In addition, the company initiates projects to support development in emerging markets and optimize existing assets in mature markets experiencing growth. In August 2025, Sixth Street acquired Iron Horse Midstream from Cardinal Midstream III, LLC, EnCap Investments, and NGP. Financial terms of the transaction were not disclosed.
Current Investors
EnCap Investments, NGP, Cardinal Midstream III, LLC
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Exploration and Production, Oil & Gas Equipment and Services, Natural Gas Utilities
Website
www.ironhorsemidstream.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Iron Horse Midstream 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Iron Horse Midstream LLC | - | ||||||||
| Company Formation | Completed | Iron Horse Midstream LLC | - |
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