Navitas

Industry
Logistics
Status
Realized
Founded

2013

Investment Date

May 2014

Headquarters

The Woodlands, Texas

Executed by

Sallyport Investments

Navitas Midstream was formed in 2013 by the prior executive management team at Copano Energy (Bruce Northcutt, Bryan Neskora & Jim Wade), post-sale of the company to Kinder Morgan earlier in 2013. Significant funding is provided by Warburg Pincus under a long-term fund. Navitas Midstream plans to build, own and operate midstream assets which may include: oil & gas gathering lines from the wellhead or central delivery points, to treating and processing plants, compressor and pump stations, plus trunklines to connect to take-away markets including gas transmission lines, NGL lines, truck and rail terminals, storage facilitates, fractionation plants and other facilities. In addition to organic project growth in various unconventional shale and conventional oil & gas producing areas in North America, the company also plans to grow through asset acquisitions and joint ventures.