Acquiring Company
Oneok
Acquired Company
Brazos Midstream
TexasEnergyOil And GasDescription
ONEOK, Inc. has announced the acquisition of Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for $4.425 billion. The acquisition will enhance ONEOK's midstream platform and contribute to its growth strategy. It will be funded by a $9 billion equity investment from Apollo, with plans to extinguish $5 billion of existing debt. This move is expected to create shareholder value and support future capital allocation.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Brazos Midstream?
Brazos Midstream was acquired by Oneok. The deal was reported on August 30, 2026. ONEOK, Inc. Oneok is privately held and operates in Energy.
When did Oneok acquire Brazos Midstream?
Oneok's acquisition of Brazos Midstream was reported on August 30, 2026. ONEOK, Inc. has announced the acquisition of Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for $4.425 billion. The acquisition will enhance ONEOK's midstream platform and contribute to its growth strategy. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Brazos Midstream do?
Brazos Midstream is an energy infrastructure company that provides midstream services including natural gas gathering and transportation. Their operations support the energy sector by facilitating the efficient flow of energy resources. It is privately held, and is based in Texas.
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