Infrastructure Secondaries Daily

Momentum’s $5.5B Price Tests LNG Infrastructure Demand

Thursday, July 2, 2026 · 4 min

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Williams Co. is in advanced discussions to acquire PE-backed Momentum Midstream for around $5.5 billion, implying a 22-25x EBITDA multiple and a major liquidity marker for EnCap Flatrock.

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Williams Co. is in advanced discussions to acquire PE-backed Momentum Midstream for around $5.5 billion, implying a 22-25x EBITDA multiple and a major liquidity marker for EnCap Flatrock.

In this episode

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