Jackson Walker represented Energy Spectrum Partners VII LP in a joint venture with MVM Midstream LLC and Chisholm Midstream, LLC in the formation of Great Salt Plains Midstream, LLC. This new joint venture will expand crude oil and gas infrastructure and additional options for producers in the fast growing STACK play. Future capital expenditures are planned in excess of $250 million. Energy Spectrum Partners VII is a fund formed by Energy Spectrum Capital in 2014 with total commitments of $1.225 billion. Energy Spectrum Partners VII focuses its investment activities primarily on midstream assets within the energy industry, such as oil and natural gas gathering and transportation systems, processing and treating plants, and storage facilities.
The Jackson Walker team representing Energy Spectrum in the Great Salt Plains Midstream transaction included Corporate and Securities partner Jeffrey Sone and associate Pete Hyndman.
About Energy Spectrum Capital
Energy Spectrum Capital was founded in 1996 to manage private equity funds that make direct investments in well-managed companies that acquire, develop and operate midstream energy assets. The partners of the firm have spent almost all of their careers in the energy industry, with more than 220 years of collective experience in finance, investment and management roles. Based in Dallas, Energy Spectrum Capital has sponsored over 50 portfolio companies to date.
Meet Jeffrey Sone
Jeffrey M. Sone is a corporate transactional lawyer with more than 35 years of experience focusing on mergers and acquisitions, technology related transactions, corporate finance and entity governance. Jeff’s experience includes representation of public and private businesses, private equity and venture capital firms and family offices in industry verticals including: healthcare informatics, Software as a Service (SaaS), midstream energy, telecommunications, real estate development, oil and gas exploration, fresh and prepared food distribution and investment advisors.
Meet Pete Hyndman
Pete Hyndman is a transactional attorney focused on corporate matters. With nearly a decade of experience, Pete is able to anticipate and analyze the needs of his clients from the onset. His efficient and tailored approach enables him to provide solutions that help clients achieve their strategic goals while minimizing downside risk. Pete possesses a strong familiarity with all phases of the life cycle of businesses of all sizes, from formation to exit. He has extensive experience representing closely held and private equity clients in structuring, negotiating, documenting and closing private mergers, acquisitions, dispositions and debt and equity security offerings. His knowledge and client base spans industries, including energy, healthcare, and technology.
