Latham & Watkins Advises Five Point Infrastructure on US$2.375 Billion Sale of Northwind Midstream to MPLX LP

Five Point Infrastructure LLC announced that it has entered into a definitive agreement to sell Northwind Delaware Holdings LLC to MPLX LP for US$2.375 billion in cash consideration, subject to customary purchase price adjustments. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Latham & Watkins LLP represents Five Point Infrastructure and Northwind Midstream in the transaction with a corporate deal team led by Houston partner Lauren Anderson, with associates John Daywalt, Vera Bespalova, Catherine Sims, and Braydon Jones. Advice was also provided on tax matters by Houston partners Tim Fenn and Jim Cole, with associate Dominick Constantino; on antitrust matters by Washington, D.C. partner Jason Cruise and New York/Washington, D.C. counsel Jamie Sadler, with associates Bernie Archbold and Mary Casale; on employment and benefits matters by Washington, D.C. partner Adam Kestenbaum, with associate Hayden Rutledge; on real estate matters by San Diego counsel Aaron Friberg; on insurance matters by Los Angeles partner Harrison White, with associate Matty McColl; on intellectual property matters by associate Andrew Abokhair; on data privacy matters by Houston/Austin partner Robert Brown; and on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Nolan Fargo.