Kevin Crews is quoted in this article regarding M&A opportunities in North America midstream and telecoms.
"Kevin Crews, a partner at the Dallas office of Kirkland & Ellis, expects a continuation of trends seen in the last 12 to 18 months in the energy infrastructure sector. A downtick in marquee privately held midstream companies being brought to market is possible, but he sees continued interest in unique and hard-to-recreate assets, specifically citing the water infrastructure space as an example.
Crews expects further consolidation in the industry, as 'the MLP structure likely goes the way of the dodo Bird and publicly-traded midstream companies continue to wrestle with how to finance the build-out of crown jewel assets when capital markets aren’t always cooperating.'
'I expect M&A and, in particular, capital raise activity to stay strong, if not pick up, and I would expect deal value to be consistent with how it's been recently,' Crews says."