WhiteWater Midstream

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WhiteWater Midstream - overview

Established

2016

Location

Austin, TX, US

Primary Industry

Oil & Gas

About

WhiteWater Midstream focuses on the development and management of natural gas pipeline infrastructure. The company is dedicated to enhancing energy transportation efficiency across North America, catering to diverse client needs with reliable solutions. WhiteWater Midstream, founded in 2016 and headquartered in Austin, US, specializes in natural gas transportation infrastructure. The company has completed 2 deals, with the most recent transaction occurring on February 4, 2019.


Following that date, First Infrastructure Capital Advisors acquired WhiteWater from Denham Capital and Ridgemont Equity Partners. Matthew C. serves as the founder, while Christer Rundlof is the current CEO. WhiteWater Development, LLC specializes in the development and execution of greenfield pipeline projects, primarily focusing on the transportation of natural gas.


The company’s core offering includes the construction and operation of pipelines with an average diameter of 36 inches, which are designed to facilitate the efficient movement of natural gas across various regions. These projects are targeted at addressing the growing energy demands in North America, particularly in areas with emerging markets for natural gas consumption. WhiteWater serves a diverse client base, including energy producers, utility companies, and industrial sectors that require reliable access to natural gas. Their operations extend into multiple geographical markets, with a significant emphasis on regions in the United States that are experiencing a surge in energy infrastructure development.


WhiteWater Development generates revenue through long-term contracts associated with the transportation of natural gas via its pipeline infrastructure. The financial transactions typically occur through agreements with energy producers or utility companies, which engage in direct-to-business contracts for the transportation of their products. Clients pay fees based on the volume of natural gas transported, allowing for predictable revenue streams. Specific pricing structures may vary according to contract terms and the volume of service utilized, reflecting the company’s commitment to tailoring solutions to meet client needs.


The company's revenue model is built around these structured agreements, which provide stability and support its growth in the energy sector. WhiteWater Midstream aims to leverage its recent funding of USD 200. 00 mn from the Buyout round to enhance its pipeline infrastructure and develop new projects addressing the energy needs across North America. The company's strategy includes expanding into emerging markets by targeting regions with increasing natural gas consumption demands.


The transaction with First Infrastructure Capital Advisors, expected to close in Q1 2019, signals potential growth in operational capacity and market reach.


Primary Industry

Oil & Gas

Sub Industries

Marketing/Advertising, Oil & Gas Equipment and Services, Logistics & Distribution

Website

www.whitewatermidstream.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

WhiteWater Midstream - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedWhiteWater Midstream-
BuyoutCompletedWhiteWater Midstream-

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