Abu dhabi: ePointZero, a global platform focused on specialized energy infrastructure and a subsidiary of 2PointZero Group, announced the successful closing of its acquisition of Traverse Midstream Partners, LLC (Traverse), a portfolio company of The Energy and Minerals Group (EMG), for US$2.25 billion in an all-cash transaction. This acquisition grants ePointZero minority, non-operated interests in two critical US midstream assets: a 35% stake in the Rover Pipeline and a 25% stake in the Ohio River System (ORS), both operated by Energy Transfer, one of the largest midstream operators in the United States.
According to Emirates News Agency, this milestone transaction represents ePointZero's first acquisition in U.S. natural gas infrastructure and reinforces its strategy to build a globally diversified portfolio of resilient, cash-generative energy assets underpinned by long-term contracted cash flows. The acquisition marks a significant entry into one of the world's most strategic natural gas markets, positioning ePointZero to capture sustained demand for reliable, lower-carbon energy and deploy capital at scale into high-quality global infrastructure assets.
H.H. Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of 2PointZero, commented on the transaction, stating that this acquisition through ePointZero reflects their commitment to investing in critical infrastructure that underpins global growth. He emphasized the importance of US energy infrastructure as a compelling entry point through high-quality, strategically located assets and expressed the intention to build a scaled, long-term market presence connecting capital, partnerships, and opportunity to support rising global demand.
Mohamed Hesham, CEO of ePointZero, described the acquisition as a landmark transaction for the company in critical energy infrastructure. By securing a significant stake in a premier North American natural gas transportation network, ePointZero is acquiring stable, long-term yields and supporting a platform capable of reliably delivering gas to rapidly growing demand markets. Hesham highlighted that this transaction establishes their footprint in the world's most dynamic gas market and creates a strong platform for further strategic expansion in North America.
John Raymond, Founder and Executive Chairman of EMG, reflected on Traverse's accomplishments, noting that the business established a valuable position in two of the most strategically important natural gas systems in North America. The assets are supported by strong fundamentals and growing demand, positioning them for continued success under ePointZero's ownership.
The acquired assets are located in the Appalachian Basin, the largest natural gas production basin in North America, ensuring competitive production across commodity price cycles. Together, the systems provide essential connectivity between supply basins and key demand centers, enabling efficient movement of natural gas across major U.S. markets, including LNG export corridors, power generation networks, and industrial hubs. They are well positioned to deliver reliable, low-cost gas to growing end markets nationwide.
J.P. Morgan Securities LLC served as financial advisor for ePointZero, with Santander US Capital Markets LLC and Mizuho providing committed financing. Legal and financial advisory services were provided by Akin Gump Strauss Hauer and Feld LLP, and Alvarez and Marsal. For Traverse, Evercore and Greenhill and Co. served as financial advisors, with legal services from Gibson, Dunn and Crutcher LLP and Weil, Gotshal and Manges LLP.