Kirkland Advises Tailwater Capital on Follow-On Equity Investment in Summit Midstream Corporation

Kirkland & Ellis advised Tailwater Capital, a Dallas-based energy and infrastructure private equity firm, on its $42 million additional equity investment in Summit Midstream Corporation, bringing its total Summit ownership to 39% and making Tailwater Summit’s largest shareholder. The investment strengthens Summit's balance sheet and provides capital to fund Summit’s strategic growth initiatives and general corporate purposes.

Read the transaction press release

The Kirkland team included corporate lawyers Kevin Crews and Jacqueline Scioli; tax lawyers David Wheat, Joe Tobias and Olivia Schmertzler; and capital markets lawyers Matt Pacey and Sara Lampert.