M6 Midstream LLC (Momentum Midstream), a provider of services for natural gas producers, has bought Align Midstream Partners II LLC, a Dallas-based midstream company, from Tailwater Capital.

Align is focused on servicing the gathering, processing and treating assets needs of producers in eastern Texas and across the Haynesville and Cotton Valley formations.

“This transaction marks another successful milestone for our team and we believe our assets will continue to drive significant value for our stakeholders,” says Fritz Brinkman, chief executive officer of Align. “Over the past five years, we have built an expansive system of gas gathering and processing assets in the core of the East Texas Haynesville, connecting regional supply from some of the most active producers in the basin to attractive downstream markets. We are thankful for Tailwater’s support in navigating a dynamic market backdrop and are excited to watch Momentum own these assets through the next phase of growth.”

Piper Sandler & Co. served as financial advisor to Align Midstream Partners II, LLC in connection with the transaction. Locke Lord served as legal counsel.