I Squared, MPLX, and Enbridge to Acquire Interests in Matterhorn Express Pipeline
- On May 6, 2025, I Squared Capital, MPLX LP, and Enbridge Inc. announced they had reached a definitive deal to purchase ownership stakes in the Matterhorn Express Pipeline located in Austin, Texas.
- The acquisition comes after the previous stakeholders, including a Charlotte-based private equity firm and a major energy company, chose to divest their ownership, highlighting a larger trend of global asset managers increasing their involvement in infrastructure investments.
- The Matterhorn Express Pipeline began service in November 2024 and spans approximately 510 miles with a 36-inch mainline and two laterals, transporting natural gas from the Permian Basin to Texas markets including Wharton and Katy.
- After closing expected in Q2 2025, WhiteWater will hold 65% ownership backed by FIC and I Squared, while MPLX and Enbridge will each own 10%, with WhiteWater continuing pipeline operations.
- This deal enhances ownership of vital energy infrastructure among prominent investors and ensures ongoing operation of the Matterhorn Express Pipeline’s full capacity, which delivers a substantial volume of natural gas daily to meet increasing demand.
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I Squared, MPLX, and Enbridge to Acquire Interests in Matterhorn Express Pipeline
AUSTIN, Texas, May 6, 2025 /PRNewswire/ -- I Squared, MPLX LP (NYSE: MPLX), and Enbridge Inc. (NYSE: ENB) jointly announce they have entered into a definitive agreement to acquire equity interests in the Matterhorn Express Pipeline from Ridgemont Equity Partners…
I Squared, MPLX, and Enbridge to acquire interests in Matterhorn Express Pipeline
I Squared, MPLX LP, and Enbridge Inc. have jointly announced they have entered into a definitive agreement to acquire equity interests in the Matterhorn Express Pipeline from Ridgemont Equity Partners and Devon Energy Corp.
I Squared-led Group Buys Majority Stake in Matterhorn Gas Pipeline
I Squared-led Group Buys Majority Stake in Matterhorn Gas Pipeline Daniel Onyango Thu, 05/08/2025 - 07:29 Infrastructure investment firm I Squared , midstream company MPLX LP , and pipeline operator Enbridge Inc. announced Tuesday they have reached an agreement to acquire significant equity interests in the Matterhorn Express natural gas pipeline . Under the terms of the deal, infrastructure company WhiteWater , which already partners with I Sq…
I Squared, Enbridge, MPLX to acquire Matterhorn Express Pipeline majority stake - Private Equity Wire
Global infrastructure investment firm I Squared Capital, alongside midstream operator MPLX LP and Canadian energy infrastructure company Enbridge, has entered into a definitive agreement to acquire a combined equity interest of up to 85% in the Matterhorn Express Pipeline, according to a report by Reuters. Under the terms of the transaction, WhiteWater, an Austin-based infrastructure company backed by I Squared and infrastructure investor FIC, w…
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