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EnCap Flatrock Midstream backs Edgewater Midstream with $400M commitment

Edgewater Midstream LLC landed a $400 million initial capital commitment from its management team and venture capital firm EnCap Flatrock Midstream.

The Houston-based midstream services provider focuses on the acquisition and operation of pipelines and terminals at North American petroleum hubs and demand centers, according to a Jan. 7 news release.

The company, which was formed in late 2019, is led by CEO Stephen Smith, Chief Commercial Officer Brian Thomason and COO Mike Truby.

EnCap Flatrock Midstream provides growth capital to midstream-focused companies and is currently making commitments using its $3.25 billion EFM Fund IV.