Delek Logistics Partners, LP (DKL): M&A transaction — Delek Logistics closes $285M acquisition of Gravity Water Midstream in Permian Basin

Delek Logistics Partners, LP

Closed acquisition of Gravity Water Intermediate Holdings for $285M on Jan 2, 2025; paid $209.3M cash and 2.175M DKL units.
Gravity provides integrated water systems in Permian and Bakken; synergies with prior H2O Midstream deal.
President Avigal Soreq expects >70% of EBITDA from third-party sources; sees best yield and growth in midstream.
DKL to file resale registration statement for 2.175M units issued to seller within 10 business days.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Delek Logistics Partners, LP completed an acquisition involving Gravity Water Holdings LLC for $285 million (closed 2025-01-02).

Action: acquisition
Counterparty: Gravity Water Holdings LLC
Consideration: $285 million
Closing: 2025-01-02

Exact text from the filing

Agreement”). The acquisition of the Purchased Interests contemplated by the Purchase Agreement closed on January 2, 2025. The purchase price for the Purchased Interests was $285 million, subject to customary closing adjustments, which was paid in a combination of $209,299,177.75 in cash and 2,175,209 common units representing equity interests of the Partnership.

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4 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Delek Logistics Partners, LP filing history →

Source: SEC EDGAR

accession 0001193125-25-000983

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