Delek's Subsidiary Acquires EIV Capital's H2O Midstream for $230M
DKDelek US(DK) ZACKS·2024-09-13 21:51

Delek US Holdings, Inc. (DK) , a U.S.-based oil and gas refining and marketing company, recently announced that its subsidiary, Delek Logistics Partners, LP (DKL) , completed the acquisition of H2O Midstream, a portfolio company of EIV Capital, LLC. This acquisition, valued at 230million,includes230 million, includes 160 million in cash and $70 million in convertible preferred redeemable equity. The transaction was funded through a combination of cash and debt financing, a strategic move aimed at strengthening DK's core mid ...