Jackson Walker represented Energy Spectrum Capital VI LP in the sale of Costar Midstream LLC to American Midstream Partners, LP for approximately $470 million in cash and securities.
Costar is an onshore gathering and processing company with its primary gathering, processing, fractionation and off-spec condensate treating and stabilization assets focused in East Texas and the Permian Basin, with a significant crude oil gathering system project underway in the Bakken Shale.
Energy Spectrum is a leading Dallas-based private equity firm focused exclusively on the energy industry.
American Midstream is a growth-oriented limited partnership formed to own, operate, develop and acquire a diversified portfolio of midstream energy assets. American Midstream provides midstream services in the Texas, North Dakota, Gulf Coast, and Southeast regions of the United States.