Latest news with #FivePointInfrastructureLLC
Business Wire
01-08-2025
- Business
- Business Wire
Five Point Infrastructure Announces the Sale of Northwind Midstream to MPLX LP
HOUSTON--(BUSINESS WIRE)--Five Point Infrastructure LLC ('Five Point') today announced that it has entered into a definitive agreement to sell Northwind Delaware Holdings LLC ('Northwind' or the 'Company') to MPLX LP ('MPLX') for $2.375 billion in cash consideration, subject to customary purchase price adjustments. Founded by Five Point in 2022, Northwind provides sour gas gathering, treating, and processing services in Lea County, New Mexico. The Company is solving a highly critical issue in the Northern Delaware Basin, where upstream development has generally been restricted due to the lack of sour natural gas treating, acid-gas injection and sequestration well capacity. In addition, the Company contributes meaningfully to its customers' sustainability objectives by capturing and sequestering the CO 2 in the natural gas stream. Northwind's portfolio today includes over 200,000 dedicated acres, 200+ miles of gathering pipelines, two in-service carbon sequestration and acid gas injection (AGI) wells with a combined capacity of 20 million cubic feet per day (MMcf/d), and a third permitted well that will bring total capacity to 37 MMcf/d when completed in 2026. David Capobianco, CEO and Managing Partner of Five Point Infrastructure, said, 'We're proud to have played a key role in unlocking development potential in the Northern Delaware Basin, which we continue to expect will be one of the most important oil producing regions in North America. This transaction is a clear validation of our investment thesis regarding the need for critical infrastructure development across the nation's most productive energy basins. We congratulate MPLX on its acquisition of a great business and look forward to Northwind's continued growth under their stewardship.' The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Piper Sandler & Co. served as the exclusive financial advisor and Latham & Watkins LLP acted as legal advisor to the seller in connection with the transaction. About Five Point Infrastructure Five Point Infrastructure LLC is a private equity and infrastructure investor focused on investments within the North American powered land, surface management, water management, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Based in Houston, Texas, Five Point has approximately $8 billion of assets under management across multiple investment funds. For more information about Five Point, please visit: About Northwind Midstream Established in 2022, Northwind's strategy is to develop, own and operate off-spec gas infrastructure in the Permian Basin. Northwind operates a highly efficient, environmentally focused and exceedingly reliable midstream system, which unlocks overall customer value while mitigating customer environmental concerns. Northwind's developed solution provides producers with (i) a superior economic alternative, (ii) significant operational enhancements, (iii) meaningful emissions reductions, and (iv) tangible ESG benefits. Learn more at About MPLX LP MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at
Business Wire
20-05-2025
- Business
- Business Wire
Jeff Eaton Joins Five Point Infrastructure as Partner
HOUSTON--(BUSINESS WIRE)--Five Point Infrastructure LLC (formerly known as Five Point Energy, 'Five Point') today announced that Jeff Eaton has joined the firm as a Partner, bringing decades of experience in private capital advisory, energy and infrastructure investing. Jeff will play a key role in shaping firm strategy and enhancing client solutions, further strengthening Five Point's position as a leader in the energy infrastructure sector. Jeff joins Five Point after a distinguished career at Eaton Partners, where he was instrumental in growing the firm into one of the most respected private capital advisory and fund placement platforms in the industry. 'We are excited to welcome Jeff to Five Point,' said David Capobianco, CEO and Managing Partner at Five Point. 'His leadership, industry relationships, and strategic insight will be invaluable as we continue to expand our platform and provide best-in-class investment opportunities to our partners. We've known and worked with Jeff for over a decade, and we are excited to be adding him to our team.' For nearly two decades, Jeff advised top-tier private equity and infrastructure firms, helping to drive capital formation and long-term partnerships with institutional investors. In addition to leading and managing Eaton Partners, Jeff built Eaton's Real Assets business into an industry leader. After helping to lead the sale of Eaton Partners to Stifel Financial in 2016, Jeff continued in a leadership role until 2023, before transitioning into a position as a Senior Advisor to Stifel. Prior to Eaton Partners, Jeff held key roles at Constellation Energy, where he was focused on investments in the midstream energy infrastructure sector. Jeff expressed his enthusiasm for joining the firm, stating, 'I have always admired the Five Point team's vision, expertise, and ability to drive transformational investments in the critical infrastructure sector. They have built an exceptional platform, and I am eager to contribute to their continued success as a leader in infrastructure investing.' About Five Point Infrastructure Five Point Infrastructure LLC is a private equity and infrastructure investor focused on investments within the North American powered land, surface management, water management, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Based in Houston, Texas, Five Point has approximately $8 billion of assets under management across multiple investment funds. For more information about Five Point, please visit:
