Williams To Acquire Mountainwest Natural Gas Transmission And Storage Business From Southwest Gas Holdings, Inc.
Acquiring Company
Williams Companies
Acquired Company
Storage
Tulsa
United KingdomLas VegasEnergyOil And GasReal EstateEnergySustainabilityOil And GasNatural ResourcesUtilitiesDescription
Williams (NYSE: WMB) today announced that it has reached an agreement to acquire MountainWest Pipelines Holding Company (MountainWest) from Southwest Gas Holdings, Inc. (NYSE: SWX), in a transaction including $1.07 billion of cash and $0.43 billion of assumed debt, for an enterprise value of $1.5 billion. MountainWest comprises roughly 2,000-miles of interstate natural gas pipeline systems primarily located across Utah, Wyoming and Colorado, totaling approximately 8 Bcf/d of transmission capacity. MountainWest also holds 56 Bcf of total storage capacity, including the Clay Basin underground storage reservoir, providing valuable service to western markets. The acquisition price represents an approximate 8x estimated 2023 EBITDA multiple.
Quick answer
Williams Companies is acquiring Storage and Southwest Gas Holdings, announced December 15, 2022. Williams Companies is based in Tulsa, Oklahoma, United States.
- How much did Williams Companies pay for Storage?
- The deal value was not disclosed.
- What does Williams Companies do?
- Williams Companies, Inc. is an energy infrastructure company focused on natural gas processing and transportation.
- Where are Williams Companies and Storage based?
- Williams Companies is based in Tulsa, Oklahoma, United States. Storage is based in United Kingdom.
- Who are the decision-makers at Williams Companies?
- Fundz holds 5 contacts at Williams Companies. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Energy and Oil And Gas
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Xpansiv Completes Acquisition Of Evolution Markets, Closes Capital Raise With New Investors Bank Of America, And Goldman Sachs (January 11, 2023)
- Valicor Environmental Services Acquires Usher Oil (January 5, 2023)
- Seadrill Limited Announces Agreement To Acquire Aquadrill Llc In All-Stock Transaction (December 23, 2022)
- Superior Plus To Acquire Certarus, Adding A High Organic Growth Low Carbon Cng, Rng And Hydrogen Distribution Platform To Superior’S Existing Energy Distribution Business (December 22, 2022)
- Diamondback Energy, Inc. Announces Closing Of Firebird Acquisition (November 30, 2022)
- Chevron To Acquire Full Ownership Of Beyond6 Cng Fueling Network (November 17, 2022)
Who to call at Williams Companies, and when
When Williams Companies changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Williams Companies raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Williams Companies, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Williams Companies. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Williams Companies makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired Storage?
Storage was acquired by Williams Companies, based in Tulsa. The deal was reported on December 15, 2022. Williams Companies, Inc. is an energy infrastructure company focused on natural gas processing and transportation. Williams Companies is publicly traded (WMB) and operates in Energy.
When did Williams Companies acquire Storage?
Williams Companies's acquisition of Storage was reported on December 15, 2022. Williams (NYSE: WMB) today announced that it has reached an agreement to acquire MountainWest Pipelines Holding Company (MountainWest) from Southwest Gas Holdings, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Storage do?
Find a self storage facility near you, with cheapest quote finding and reviews for self storage across the UK. It is privately held, and is based in United Kingdom.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.