Eckard Midstream, LLC Announces The Acquisition Of Kinetica Partners, LLC

PRESS RELEASE
For Immediate Release
Allen, TX – Jan 3, 2024

Eckard Enterprises, a family-owned private asset management firm, proudly announces its recent acquisition of Kinetica Partners, LLC. Eckard took ownership under its sister company Eckard Midstream, LLC. Troy W. Eckard, Chairman of the Board for Eckard Enterprises, LLC, was the one of original founders of Kinetica Partners and has been an officer and Board member since its inception. 

Kinetica Partners, LLC has established itself as an essential midstream carrier in the Gulf of Mexico. Kinetica operates an extensive network of pipelines and key infrastructure vital to producers in the Gulf. Kinetica has built its reputation on reliability, availability, and operational excellence for its customers.

The acquisition of Kinetica aligns seamlessly with Eckard Enterprises’ vision for energy asset sector diversification and sustained growth. Eckard sees a long runway of upside values in midstream assets focused on a “water” outlet for the growing US natural gas, crude oil, and LNG global supply chains.

“We are excited to welcome Kinetica Partners and its talented leadership and staff into the Eckard Enterprises culture and future value creation,” said Troy W. Eckard, Owner and Chairman of the Board of Eckard Enterprises. “This acquisition for our firm represents a significant milestone in our long-term growth strategy overall.  Eckard Midstream desires to create a billion-dollar midstream presence over the next five years that is free from debt and capitalized with 100% private capital.”