Tidewater has entered into agreements to acquire 100% WI in a 33 mmcf/d gas processing facility and related infrastructure for ~$17 million, and a retail propane business for ~$5.2 million. The acquired assets are expected to generate an annual EBITDA of $3.7 million, resulting in an EV/EBITDA acquisition multiple of 6x, based on reserve dedications and/or long term contracts ranging from two to ten years.
02 Nov 2015
TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. (TWM) ANNOUNCES STRATEGIC ACQUISITIONS; ESTABLISHMENT OF CREDIT FACILITY
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TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. (TWM) ANNOUNCES STRATEGIC ACQUISITIONS; ESTABLISHMENT OF CREDIT FACILITY
Tidewater Midstream & Infrastructure Ltd. (TWM:TSE) | 0 0 5.3% | Mkt Cap: 457.2m
- Published:
02 Nov 2015 -
Author:
Steven I. Paget - Pages:
Tidewater has entered into agreements to acquire 100% WI in a 33 mmcf/d gas processing facility and related infrastructure for ~$17 million, and a retail propane business for ~$5.2 million. The acquired assets are expected to generate an annual EBITDA of $3.7 million, resulting in an EV/EBITDA acquisition multiple of 6x, based on reserve dedications and/or long term contracts ranging from two to ten years.