Delek Logistics Partners Closes H2O Midstream Acquisition

Delek Logistics Partners (DKL) said Thursday it closed the $230 million acquisition of H2O Midstream, a portfolio company of EIV Capital.

The acquisition was funded with $160 million in cash at closing and $70 million in convertible preferred redeemable equity, Delek Logistics said.

The deal includes water gathering, transportation, recycling, storage, and disposal services in the Midland Basin, Texas, Delek Logistics said.