Golden Gate acquires Waterfield Midstream through new energy infrastructure platform
April 16, 2021
Golden Gate Capital has announced the formation of Stonehill Environmental Partners, a provider of infrastructure solutions to the upstream energy industry. The new platform has acquired Texas-based Waterfield Midstream, a provider of water gathering, treatment, recycling, disposal and other services in the Permian Basin. Waterfield Midstream was originally created by Blackstone in 2019 with a $500 million equity commitment.