BCP Raptor Holdco LP Completes Reverse Merger With Altus Midstream Company

CFGI’s Capital Markets team assisted privately-owned BCP Raptor Holdco LP (“BCP”), the parent company of EagleClaw Midstream, with the completion of an all-stock business combination with Altus Midstream Company (Nasdaq: ALTM) (“Altus”), creating a unique, fully-integrated midstream company. The business combination was structured as a reverse merger and the newly combined company is named Kinetik Holdings Inc. (“Kinetik”).

The transaction closed on February 22, 2022, and shares of Kinetik common stock began trading on the Nasdaq Global Select Market under the ticker symbol “KNTK” at the open of trading on February 23, 2022.

Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin. The company is headquartered in Midland, Texas and has a significant presence in Houston. Kinetik provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. Kinetik posts announcements, operational updates, investor information and press releases on its website, www.kinetik.com

The CFGI team was led by David Horn (Capital Markets) and Kyle Britto (Capital Markets).

For further information on the transaction, please read Kinetik’s press release.