ONEOK announced that they have entered into a definitive merger agreement to acquire Medallion Midstream, LLC, a premier Permian Basin focused midstream service provider backed by Global Infrastructure Partners, for $2.6 billion in cash.
Concurrently with Medallion, OKE announced the acquisition of GIP’s entire interest in EnLink, consisting of 43% of EnLink’s common units and its managing member interest for $3.3 billion in cash for a combined value of $5.9 billion.
RBC acted as Lead Financial Advisor to GIP and Medallion.
