Multifuels: New midstream company gets PE backing

Houston-based Multifuels LP has received $20 million in cash and equity commitments from Florida-based Warren Equity Partners to launch a new midstream oil and gas company. The new entity, Multifuels Midstream Group, will own, operate and develop lateral distribution pipelines in North America that will transport natural gas from main lines to end users. It will be headquartered in Houston. "We are excited to partner with the Multifuels team," Steven Wacaster, a partner at Warren Equity, said...