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PE-Backed Midstream Company Reaps $100M In Initial Equity

Law360 (March 5, 2018, 4:29 PM EST) -- Dallas-based Mettle Midstream Partners LLC, a newly founded independent midstream company, on Monday said it received a $100 million initial equity commitment from energy-focused private equity firms Natural Gas Partners and Pearl Energy Investments.

The company’s CEO, Matthew Innamorati, told Law360 Monday that Mettle was formally founded on Feb. 21, adding that the management team aided the fundraising and has been seeking out investments since the beginning of the year. The company plans on putting the equity financing toward acquisitions and investments, he noted.

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