Latham & Watkins Advises on Antero Midstream’s US$1.1 Billion Acquisition of Marcellus Shale Assets and US$400 Million Ohio Utica Divestiture
Antero Midstream Corporation (NYSE: AM) (the Company) announced that it has entered into a definitive agreement to acquire HG II Energy Midstream Holdings, LLC (HG Midstream) from HG Energy II, LLC for US$1.1 billion in cash, subject to customary closing adjustments. In addition, the Company announced that it has entered into a definitive agreement to divest its Ohio Utica Shale gathering, compression and water assets for US$400 million in cash, subject to customary closing adjustments.
Latham & Watkins LLP represents the Conflicts Committee of the Board of Directors of Antero Midstream in both the acquisition of HG Midstream and the Ohio Utica Shale divestiture with a corporate team led by Houston partners Ryan Maierson and Nick Dhesi, with associates Clayton Heery and Morgen Seim.