Tony Johnston
Overview
Tony Johnston is a corporate partner in the Dallas office of Kirkland & Ellis LLP. His practice focuses on strategically important and complex transactions, including private equity investments, mergers and acquisitions, joint ventures, financial sponsor-management team partnerships, preferred equity investments and restructurings, with a particular focus representing clients in the energy and infrastructure sector. Tony also has extensive experience advising private equity firms and their funds throughout their life cycles, including the formation, investment and monetization processes.
Experience
Representative Matters
Since joining Kirkland, Tony had been involved in the following matters:
- Morgan Stanley Infrastructure Partners in its acquisition of a majority stake in Crowley Wind Services, a leader in offshore wind energy solutions in the United States.
- RedBird Capital Partners in its investment in Go Rentals, the premier luxury car rental provider in the United States specializing in premium end-markets.
- Coastal Welding Supply in its definitive agreement to be acquired by American Welding & Gas, one of the nation’s largest independently owned producers and distributors of industrial, medical, beverage and specialty gases.
- Braya Renewable Fuels, a producer of low-emission renewable fuels, in its $300 million preferred equity investment from Energy Capital Partners, a leading energy transition focused investor in the electricity, clean energy, renewable and sustainable infrastructure sectors.
- Tailwater Capital in its equity commitment to form Renovo Resources, a sustainable water treatment solution company.
- Slant II in its partnership with Pearl Energy Investments to pursue upstream development and acquisition opportunities.
- Cureton Front Range, a midstream oil and gas company, in its acquisition of a portfolio of midstream assets from Aka Energy Group.
- Montage, the controlling shareholder of Ubiquity, in the sale of Ubiquity's fiber networks, and subsequent formation of a $400 million joint venture between Montage and Generate Capital to build high-quality fiber-to-the-premises networks and complementary sustainable digital infrastructure.
- Tailwater Capital, together with Waste Management (NYSE: WM) through a newly formed joint venture, in its acquisition of a significant interest in Continuus Materials, a waste-to-product business that transforms discarded plastic and fiber material into engineered building products.
- Cresta Fund Management in its acquisition of Braya Renewable Fuels, a renewable diesel and sustainable aviation fuel refinery.
Prior to joining Kirkland, Tony was involved in the following matters:
Joint Ventures & Strategic Transactions
- DoublePoint Energy in connection with the dedication of certain of its leasehold acreage related to natural gas production in Midland, Martin, and Glasscock Counties to an affiliate of Pinnacle Midstream II, LLC and certain other related transactions.
- Tailwater Capital in its joint venture with The Energy & Minerals Group to fund Silver Creek Midstream's purchase and expansion of Genesis Energy's crude gathering, storage and rail assets in the Powder River Basin.
- A large private equity-backed E&P joint venture in an upstream/midstream joint venture with a private equity-backed midstream company related to crude oil gathering and transportation in the Permian Basin.
- Vaughn Petroleum in the formation of High River Resources, an E&P operating company and joint venture with Silver Hill Energy and other institutional or high net worth investors.
- A large-cap energy private equity firm in its investment in a joint venture regarding the Willow Glenn Terminal in Louisiana.
- Grenadier Energy Partners in its formation of a joint venture with a private equity-backed midstream company to pursue natural gas gathering, processing and transportation in the Northern Louisiana Salt Basin.
- Pivotal Petroleum Partners, an affiliate of Tailwater Capital LLC, in a farmout transaction with Black Stone Minerals, L.P. that covers the majority of Black Stone's Haynesville and Bossier shale acreage under active development agreements in the Shelby Trough in Angelina and San Augustine Counties, Texas.
Mergers & Acquisitions
- An oil and gas private equity firm in the structuring and acquisition of certain oil and gas assets in the Hugoton Basin by multiple of its investment funds and co-investment vehicles from a publically-traded E&P company.
- The founder of one of the largest residential HVAC and plumbing services company in the U.S, in the sale of such company from one private equity firm to another and the related rollover transaction.
- A large-cap energy private equity firm in its purchase of and subsequent investment in an energy storage and technology company.
- Silver Hill Energy in its sale of Silver Hill Energy Partners I and Silver Hill Energy Partners II and their related Permian Basin oil and gas assets to RSP Permian Inc.
- Caelus Energy in its acquisition of a 75% working interest ownership in Smith Bay state-owned offshore Alaskan leases from Nordaq Energy.
- Casillas Midstream in the sale of Woody Creek Midstream to Bison Oilfield Services.
- Growers Express, a private equity-backed produce company, in its acquisition of Curran Bean Sprout Co.
- Selle Supply Company and PBI Supply, full-line distributors of insulation products and related construction materials, in their sale to Distribution International, Inc.
- A private family office in the acquisition of an industrial bolting service and solutions company and the related rollover transaction
Private Equity Investments
- Tailwater Capital in multiple portfolio company investments, including:
- Align Midstream Partners II, a midstream company focused on serving producers' needs in emerging and established basins within the United States.
- Silvercreek Midstream, a private midstream company focused on providing crude oil gathering, transportation and storage services in the Powder River, Big Horn, and Wind River Basins.
- Elevate Midstream Partners, a private midstream service company focused on providing responsive, scalable, value enhancing midstream solutions to exploration and production customers across the United States onshore oil and gas production basins.
- Copperbeck Energy Partners, a private energy company focused on providing strategic midstream and downstream-adjacent infrastructure and services for refineries, petrochemical and industrial concerns.
- E2 Energy Services, a fee-based, growth-oriented midstream company that provides natural gas gathering and processing services as well as extended services and solutions from well pad to market.
- Valiant Midstream, a private midstream energy company focused on providing innovation, energy and results to midstream customers in the Mid-Continent and across North America.
- NGP Energy Capital in multiple portfolio company investments, including:
- Black Mountain Sand, an in-basin frac sand provider operating in the Permian, Eagle Ford and Mid-Con regions.
- Titus Oil & Gas, a Fort Worth upstream oil and gas company.
- CH4 Energy VI, LLC, an upstream oil and gas company focused on the Southern Delaware Basin in West Texas and New Mexico.
- Black Mountain Oil and Gas, an upstream oil and gas company focused on the Southern Delaware Basin in West Texas and New Mexico.
- Wing Resources, a Permian Basin focused mineral and royalty acquisition company.
- 89 Energy, an aggressive, growth-oriented oil and gas exploration and production company with a proven track record in Mid-Continent resource plays.
- Pearl Energy Investments in its investment in:
- Colgate Energy, a private, independent exploration and production company focused on acquiring and developing conventional and unconventional oil properties in the Permian Basin.
- Teal Natural Resources, a private, independent exploration, production and development company focused on developing conventional and unconventional reserves primarily in the Eagle Ford Shale play in South Texas.
- Edge Natural Resources in its investments in multiple small-cap upstream oil and gas portfolio companies.
- Double Eagle Natural Resources in the formation of multiple private equity-backed oil and gas and minerals portfolio companies.
- Bayou Midstream, a full service midstream company providing midstream solutions for oil and gas producers across the US Rockies, focused on the Powder River Basin and the Bakken, in an investment by EIV Capital.
- Meritage Midstream, platform midstream company focused on greenfield development opportunities and opportunistic acquisitions for the gathering, treating, and handling of oil and gas in Western Canada's emerging resource plays, in its investment by Riverstone.
- Salt Fork Resources, a Pittsburgh-based private oil and gas company formed to pursue oil and gas acquisition and development opportunities in the Appalachian Basin, in its investment by Riverstone.
Fund Formations
- Scout Energy Partners in the formation of multiple operated oil and gas investment funds and their related co-investment vehicles.
- PetroCap, LLC in the formation of multiple non-op oil and gas investment funds and their related co-investment vehicles.
- Grey Rock Energy Partners in the formation of multiple non-op oil and gas investment funds.
- Tailwater Capital in the formation of Tailwater Energy Fund III, LP, a midstream oil and gas private equity fund, and a related co-investment vehicle.
- NGP Energy Capital in the formation of NGP Natural Resources XI, L.P., an energy private equity fund.
- Urban Oil & Gas in the formation of an operated oil and gas investment fund.
Prior Experience
Thompson Knight LLP
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Credentials
Admissions & Qualifications
- 2013Texas
Education
- University of Texas at Austin School of LawJ.D.with Honors2013
- Vanderbilt UniversityB.A.cum laude2009
News &
Insights
Kirkland Advises Morgan Stanley Infrastructure Partners on its Majority Investment in Crowley Wind Joint Venture