Apollo Global invests $500m in midstream gas business CSV


news_oil_pipeline_lrgUS buyout giant Apollo Global Management has invested $500m in CSV Midstream to help the company construct and operate midstream energy facilities in the Western Canadian Sedimentary Basin.

The equity investment will go towards CSV’s focus of engineering, design and management of gas gathering assets, and transmission pipelines.

Apollo partner Rakesh Wilson said, “This strategic partnership with CSV Midstream is a great example of Apollo’s approach to partnering with proven management teams and providing the needed capital and other resources to help launch profitable new businesses in attractive markets.

“Over the years, the CSV Midstream team has developed valuable relationships and has built a solid track record of project development in the Canadian midstream sector.”

Earlier this year US buyout giant Apollo Global Management expanded its strategic partnership with Double Eagle Energy Holdings to invest in oil and gas properties.

Double Eagle has been one of the largest independent acquirers of oil and gas leaseholds across Texas and the mid-continent, leasing more than a million acres over the past few years.

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