[Context: On May 24, Alinda Capital completed the sale of NorTex Midstream to Castleton Commodities. Terms were not disclosed. NorTex owns natural gas assets in North Texas, including the Tolar Hub. Further details and related links are below.]
Castleton Commodities International LLC Completes Acquisition of NorTex Midstream Partners LLC
STAMFORD, Conn., May 24, 2018 /PRNewswire/ — Castleton Commodities International LLC (“CCI”) announced it has closed on the acquisition, through one of its subsidiaries, of NorTex Midstream Partners LLC (“NorTex”), from funds managed by Alinda Capital Partners.
NorTex owns and operates 36 Bcf of working gas capacity in two depleted reservoir storage facilities that serve the Dallas-Fort Worth metroplex with 850 MMcf/day of maximum deliverability. Additionally, NorTex owns and operates the associated Tolar Hub, a significant North Texas trading hub listed on the Intercontinental Exchange (ICE) electronic trading platform.
About Castleton Commodities International LLC
CCI is a global commodity merchant with an integrated set of operations consisting of the marketing and merchandising of commodities and the ownership, operations and development of commodities-related upstream and infrastructure assets. CCI markets a broad range of physical commodities including electric power, natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, base metals, and petrochemicals. CCI is headquartered in Stamford, Connecticut with offices in Calgary, Canada; Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay.
Alinda Capital Partners is one of the world’s largest and most experienced infrastructure investment firms. Alinda is a long-term investor in infrastructure assets that provide essential services to communities. Alinda’s infrastructure businesses serve over 100 million customers annually in more than 550 cities globally, and are run by a workforce of over 80,000 people.