Williams Field Services Group, LLC signed definitive agreement to acquire Cureton Front Range LLC from Tailwater E&P, LLC and and a fund managed by the Private Equity Group of Ares Management for $560 million in October, 2023. The purchase price is subject to working capital and post-closing adjustments. The transaction is expected to be funded with available sources of short-term liquidity.

The transaction is subject to regulatory approvals and is expected to close in December, 2023. Evercore acted as the financial advisor and Thomas Laughlin, Jacqueline Scioli, Kevin Crews, Will Eiland, Will Eiland, Jonathan Kidwell, Jennifer Cornejo, Chuck Boyars, Lucas Spivey, Purun Cheong, James Bedotto, Marcia Hook, Jared Whalen, Christie Alcala, and Maureen O?Brien of Kirkland & Ellis served as legal counsel to Cureton. RBC Capital Markets served as financial advisor and Davis Polk & Wardwell LLP served as legal advisor to Williams in connection with the transaction.