ePointZero, a subsidiary of 2PointZero Group, has announced the successful closing of its acquisition of Traverse Midstream Partners, LLC (Traverse), a portfolio company of The Energy & Minerals Group (EMG), a specialized natural resources private equity firm, for $2.25 billion in an all-cash transaction.
The transaction grants ePointZero minority, non-operated interests in two critical US midstream assets: a 35 percent stake in the Rover Pipeline and a 25 percent stake in the Ohio River System (ORS), which are both operated by Energy Transfer, one of the largest and most established midstream operators in the United States.
This milestone transaction represents ePointZero’s first acquisition in US natural gas infrastructure and reinforces its strategy to build a globally diversified portfolio of resilient, cash-generative energy assets underpinned by long-term contracted cash flows.
Commenting on the transaction, HH Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of 2PointZero, said, “This acquisition through ePointZero reflects our commitment to investing in the critical infrastructure that underpins global growth. US energy infrastructure offers a compelling entry point through high-quality, strategically located assets, and we see this as the first step in building a scaled, long-term presence in the market connecting capital, partnerships, and opportunity to support rising global demand.”
Mohamed Hesham, CEO of ePointZero, said, “This acquisition represents a landmark transaction for ePointZero in critical energy infrastructure. By securing a significant stake in a premier North American natural gas transportation network, we are not only acquiring stable, long-term yields but are backing a platform that can reliably deliver gas to customers and markets where demand is rapidly growing. This transaction establishes our footprint in the world’s most dynamic gas market and creates a strong platform for further strategic expansion in North America.”
The acquired assets are located in the Appalachian Basin, the largest natural gas production basin in North America, and one of the world’s most significant sources of supply. Low-cost reserves in the region ensure that production remains competitive across commodity price cycles, supporting sustained high utilisation of associated infrastructure.
J.P. Morgan Securities LLC served as financial advisor for ePointZero. Santander US Capital Markets LLC led the committed financing to ePointZero. Mizuho also provided committed financing to ePointZero.
According to the statement, Akin Gump Strauss Hauer & Feld LLP served as legal advisors and Alvarez & Marsal provided financial and tax advisory services to ePointZero. Evercore and Greenhill & Co., a Mizuho affiliate, served as financial advisors for Traverse. Gibson, Dunn & Crutcher LLP and Weil, Gotshal & Manges LLP served as legal advisors to Traverse.
