We are advising Williams on the acquisitions

Davis Polk is advising The Williams Companies, Inc. on its acquisition of Cureton Front Range LLC from Tailwater Capital LLC and a fund managed by Ares Management Corporation. The transaction is expected to close in December 2023, subject to regulatory approvals.

Davis Polk is also advising Williams on its acquisition of KKR’s 50% ownership interest in Rocky Mountain Midstream, which will result in Williams owning 100% of Rocky Mountain Midstream. 

The acquisitions have a combined value of $1.27 billion.

Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment-grade company with operations across the natural gas value chain including gathering, processing, interstate transportation, storage, wholesale marketing and trading of natural gas and natural gas liquids. Williams owns and operates more than 33,000 miles of pipelines systemwide – including Transco, the nation’s largest volume natural gas pipeline – and handles approximately one-third of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.

The Davis Polk corporate team includes partner Oliver Smith, counsel Kris D. Desrosiers and associates Yoel Levi and Rahul Srivastava. The tax team includes partner William A. Curran and associate Albert Park. Partner Howard Shelanski, counsel Mary K. Marks and associate Benjamin M. Miller are providing antitrust and competition advice. Partner Kyoko Takahashi Lin and counsel Charlotte R. Fabiani are providing executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.