Friday, December 27, 2024

Midstream Consolidation Continues in $13 Billion Deal

EnLink Midstream acquiring MLP subsidiary The wave of consolidation and simplification sweeping the midstream industry continued today, as EnLink Midstream (ticker: ENLC) announced it will acquire its MLP arm, EnLink Midstream Partners (ticker: ENLK). The pro forma company will retain the name EnLink Midstream and will continue to trade as ENLC. Like the other simplification transactions seen this year, this