Sage Receives $500 Million Equity Commitment

April 19, 2016

Sage Midstream Ventures will pursue midstream acquisition and development opportunities in North America.

On April 18, Willkie client Sage Midstream Ventures, LLC announced that it received an equity commitment of up to $500 million from Stonepeak Infrastructure Partners. Sage will pursue acquisition and development opportunities across the hydrocarbon value chain, including natural gas, natural gas liquids, crude oil, petrochemicals and refined products, with a broad focus on transportation, processing, fractionation, storage and marketing services.

Headquartered in Houston, Sage is a privately held company with a focus on acquiring and developing midstream energy infrastructure. It offers the entire value chain of midstream services, including gathering and processing, long-haul transportation, storage, fractionation and marketing.

Stonepeak is a private equity firm focused on infrastructure investments in the energy, power and renewables, transportation, utilities, water and communications sectors.

The Willkie deal team was led by partner Michael De Voe Piazza and included partners Eugene Chang, Mark Holdsworth, Hillel Jacobson and Arash Farhadieh; counsel Jason Whiteley; and associates J. Clay Brett, Jillian Merns and Rose Ohanesian.