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Five Point Infrastructure Announces the Sale of Northwind Midstream to MPLX LP

1. MPLX is acquiring Northwind for $2.375 billion in cash. 2. Northwind provides essential sour gas services in New Mexico.

M&A
-1.24%Current Return
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-1.64%S&P 500
$52.508/01 08:08 AM EDTEvent Start
$51.8508/03 11:05 PM EDTLatest Updated
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FAQ

Why Bullish?

Acquiring Northwind enhances MPLX's service portfolio and market position. Past acquisitions in the energy sector have often resulted in positive price adjustments for companies involved.

How important is it?

This acquisition could significantly impact MPLX’s growth trajectory and revenue streams. Major transactions like this often lead to price boosts in the long term.

Why Long Term?

The acquisition strengthens MPLX’s operational capabilities, likely to pay dividends in the future. Historical acquisitions show long-term gains when integrated successfully.

Related Companies

ETKMIWMB
HOUSTON--(BUSINESS WIRE)--Five Point Infrastructure LLC (“Five Point”) today announced that it has entered into a definitive agreement to sell Northwind Delaware Holdings LLC (“Northwind” or the “Company”) to MPLX LP (“MPLX”) for $2.375 billion in cash consideration, subject to customary purchase price adjustments. Founded by Five Point in 2022, Northwind provides sour gas gathering, treating, and processing services in Lea County, New Mexico. The Company is solving a highly critical issue in t.

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