Firm at a glance
Tailwater Capital is a platform private equity firm founded in 2013 and headquartered in Dallas, TX, per its own website [S1]. The firm reports approximately $6.2 billion in committed capital as of early 2026 [S1].
What they buy
Based on publicly disclosed transactions, Tailwater Capital appears to focus exclusively on energy infrastructure and upstream oil and gas assets [S2]. Recent acquisitions include midstream infrastructure operators, gas storage facilities, non-operated leasehold interests, and royalty portfolios [S2]. The firm’s transaction history suggests a strategy centered on building and acquiring platforms in the energy sector, with particular emphasis on midstream and upstream opportunities across major U.S. basins.
Portfolio
No portfolio company names were publicly available in the materials reviewed as of January 2026. The firm’s website does not publish a detailed portfolio roster.
Recent activity (last 24 months)
– **July 2026**: Acquired Pickton Gas Storage [S2]
– **July 2026**: Closed Tailwater Royalties Fund II [S2]
– **March 2026**: Acquired Summit Midstream Corporation [S2]
– **January 2026**: Acquired Northern Delaware Basin Non-Operated Leasehold [S2]
– **December 2025**: Acquired Central Midstream [S2]
– **October 2025**: Acquired Producers Midstream II [S2]
How this firm fits a seller
Tailwater Capital appears to be an active acquirer of energy infrastructure and upstream assets, with six publicly disclosed transactions in the trailing 24 months as of mid-2026 [S2]. The firm’s focus on both platform acquisitions and asset-level deals suggests it may be a fit for sellers of midstream businesses, gas storage facilities, and producing or non-operated oil and gas interests. Given the specialized nature of energy infrastructure investing, sellers in this vertical may find Tailwater’s sector expertise relevant. The firm’s fund close activity in mid-2026 indicates ongoing capital deployment capacity [S2].
Sources
[S1] https://tailwatercapital.com/about-us/ (as of 2026-01-01)
[S2] https://tailwatercapital.com/news-media/ (as of 2026-07-16)
Frequently asked questions
Does Tailwater Capital buy energy infrastructure businesses?
Yes, based on publicly disclosed transactions. Tailwater Capital has acquired multiple midstream infrastructure platforms, including Summit Midstream Corporation, Central Midstream, and Producers Midstream II between October 2025 and March 2026 [S2]. The firm also acquired Pickton Gas Storage in July 2026 [S2].
What companies has Tailwater Capital acquired recently?
Recent acquisitions include Summit Midstream Corporation in March 2026, Central Midstream in December 2025, and Producers Midstream II in October 2025 [S2]. The firm also acquired Pickton Gas Storage and Northern Delaware Basin Non-Operated Leasehold in 2026 [S2].
Where is Tailwater Capital based and how big is the firm?
Tailwater Capital is based in Dallas, TX [S1]. The firm reports approximately $6.2 billion in committed capital as of early 2026 [S1].
Is Tailwater Capital still actively acquiring?
Yes, Tailwater Capital appears to be actively acquiring. The firm completed six publicly disclosed transactions between October 2025 and July 2026, including two acquisitions in July 2026 alone [S2]. The firm also closed Tailwater Royalties Fund II in July 2026, indicating ongoing capital deployment activity [S2].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.