Howard partners with Alinda Capital Partners

Howard Midstream Energy Partners LLC

Howard Midstream Energy Partners LLC (Howard Energy Partners or HEP) reports that investment funds managed by Alinda Capital Partners have acquired a 59% capital unit interest in HEP.

The 59% interest in HEP acquired by Alinda represents the ownership previously held by Quanta Capital Solutions Inc., a subsidiary of Quanta Services Inc., GE Energy Financial Services, Clear Springs Energy LLC, and other minority interest holders. Post-closing, Crosstex Energy LP (NASDAQ: XTEX) will retain its 31% ownership of the outstanding capital units in HEP, with the remaining capital units owned by management and other minority interest holders.

Alinda is an infrastructure investment firm with over $7.8 billion in equity commitments. Tudor, Pickering, Holt & Co. acted as exclusive financial advisor to HEP in the transaction.

 

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