Williams $423 million acquisition of NorTex Midstream Holdings
We advised Williams on the transaction
Davis Polk advised The Williams Companies, Inc. on its $423 million acquisition of NorTex Midstream Holdings, a portfolio company of Tailwater Capital. Founded in 2007, NorTex provides revenue optimization and asset reliability solutions for utilities and power generation facilities in North Texas through strategically located natural gas storage and transmission.
Williams is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. Tailwater Capital is a growth-oriented energy private equity firm with a well-established track record of working constructively with proven management teams to deliver value-added solutions.
The Davis Polk corporate team included partner Oliver Smith, counsel Shanu Bajaj and associates Samuel Liebmann and Jordan Khorshad. The executive compensation team included partner Kyoko Takahashi Lin. The tax team included partner William A. Curran. The intellectual property and technology transactions team included partner Pritesh P. Shah. The real estate team included partner Brian D. Hirsch. Partner Howard Shelanski provided antitrust and competition advice. Partner Meyer C. Dworkin provided financing advice. All members of the Davis Polk team are based in the New York office.