“This acquisition aligns with our long-term strategy of building a diversified midstream company through organic growth and acquisitions, anchored by long-term contracts,” said Mike Howard, Howard Energy Partners’ Chairman and Chief Executive Officer. “I want to thank our internal team for executing on this opportunity. We look forward to additional growth in 2025.”
This year marked a record for HEP in M&A activity, with several material transactions totalling more than US$1.1 billion. HEP now owns and operates more than 1500 miles of pipeline, nearly 1 billion ft3/d of cryogenic processing capacity, and nearly 2.5 million bbls of tank storage capacity in the United States and Mexico.
Bracewell LLP and Sidley Austin LLP served as legal advisors to HEP.
