Basalt Acquires Natural Gas Transmission Business From Third Coast

Updated 1 year 9 months ago

In October 2019, Basalt agreed to acquire Third Coast's natural gas transmission business included seven regulated gas lateral pipelines with a total capacity of 1,600 MDth per day, stretching 550 miles. These lines are connected to eight major long-haul pipelines. Barclays served as a financial advisor to Basalt, and RBC Capital advised Third Coast. The deal closed in December 2019.