Stonehill Environmental Partners’ Acquisition of Waterfield Midstream

Weil, Gotshal & Manges advised Golden Gate Capital, while Kirkland & Ellis advised Waterfield Midstream LLC on the deal.

Golden Gate Capital completed the formation of Stonehill Environmental Partners, an energy infrastructure company focused on designing, building, owning and operating fixed water pipeline, recycling and disposal assets.

Stonehill executed the acquisition of the assets of Waterfield Midstream, a provider of midstream infrastructure solutions in the Permian Basin.

Golden Gate Capital is a San Francisco-based private equity investment firm with over $19 billion in cumulative committed capital. 

Waterfield Midstream LLC (Waterfield) is a provider of water midstream infrastructure solutions in the Permian Basin.

The Weil team advising Golden Gate Capital was led by Private Equity partner Craig Adas (Picture) and included Private Equity partner Samuel Peca and Private Equity associates Scott Bailey and Man Chi Wong. The team also included Banking & Finance partner Vynessa Nemunaitis; Banking & Finance associate Matt Berde; Tax partner Jonathan Macke; Tax associate Catherine Ferguson (Not Yet Admitted in D.C.); Real Estate attorney Leslie Smith; Environmental Head Annemargaret Connolly; and Environmental counsel Thomas Goslin.

The Kirkland team advising Waterfield Midstream was led by transactional partners Chad Smith, Kyle Watson and Rhett Van Syoc and associates Justin Clune, Will Eiland, Matt Gibson and Adam Wojcik. The team also included tax partner Mark Dundon and associate Victoria Chang; environmental transactions partner Jonathan Kidwell and associate Ty’Meka Reeves-Sobers; and debt financing partner Andy Veit.

Involved fees earner: Victoria Chang – Kirkland & Ellis; Justin Clune – Kirkland & Ellis; Mark Dundon – Kirkland & Ellis; William Eiland – Kirkland & Ellis; Matt Gibson – Kirkland & Ellis; Jonathan Kidwell – Kirkland & Ellis; Ty’Meka Reeves-Sobers – Kirkland & Ellis; Chad Smith – Kirkland & Ellis; Rhett Van Syoc – Kirkland & Ellis; Andy Veit – Kirkland & Ellis; Kyle Watson – Kirkland & Ellis; Adam Wojcik – Kirkland & Ellis; Craig Adas – Weil, Gotshal & Manges; Scott Bailey – Weil, Gotshal & Manges; Matt Berde – Weil, Gotshal & Manges; Annemargaret Connolly – Weil, Gotshal & Manges; Thomas Goslin – Weil, Gotshal & Manges; Jonathan Macke – Weil, Gotshal & Manges; Vynessa Nemunaitis – Weil, Gotshal & Manges; Samuel Peca – Weil, Gotshal & Manges; Leslie Smith – Weil, Gotshal & Manges; Man Chi Wong – Weil, Gotshal & Manges;

Law Firms: Kirkland & Ellis; Weil, Gotshal & Manges;

Clients: Golden Gate Capital; Waterfield Midstream;

Martina Bellini

Author: Martina Bellini