Hogan Lovells advises Glenfarne Group in connection with Alder Midstream's strategic acquisitions
Houston, 16 December 2019 – Global law firm Hogan Lovells advised energy and infrastructure firm Glenfarne Group and its affiliate Alder Midstream, LLC, in the acquisition of IACX Energy LLC from Haddington Ventures, and an immediate bolt-on acquisition.
This deal is a part of their larger initiative for Alder Midstream, focusing on value-added natural gas, gathering and processing, the LNG value chain, and stranded gas infrastructure. Going forward, the IACX business includes six processing plants and over 4,000 miles of gathering pipelines focusing on natural gas, natural gas liquids and helium across the Mid-Continent Region and New Mexico.
“We expect to continue to see strong deal activity in midstream and infrastructure for oil, natural gas, and natural gas liquids,” said Greg Hill, a partner in Hogan Lovells' Corporate practice, who led the team on the transaction. “This trend is driven by increases in domestic supply to meet rising global demand; and the need for additional pipelines and infrastructure to bring oil, natural gas, and NGLs to market.”
The Hogan Lovells corporate team was led by Hill and included partners Jay Gede and Stacey Rosenberg, as well as counsel Allison Donovan. The firm also worked on financing and regulatory aspects of the transaction.
For more information, please see Glenfarne’s press release.