Phillips 66 (NYSE:PSX) agreed to acquire Pinnacle Midstream II, LLC from Energy Spectrum Partners VIII LP managed by Energy Spectrum Capital for $550 million on May 20, 2024. The transaction is expected to close around mid-year of 2024 following satisfaction of customary closing conditions, including under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR). Jefferies LLC acted as financial advisor to Pinnacle Midstream.
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- Phillips 66 agreed to acquire Pinnacle Midstream II, LLC from Energy Spectrum Partners VIII LP managed by Energy Spectrum Capital for $550 million.