Delek Logistics Partners (DKL) said late Thursday it has closed its $285 million cash and equity acquisition of Gravity Water Intermediate Holdings.
The purchase price consisted of $200 million cash and around 2.2 million Delek units.
Gravity properties include water systems in the Permian Basin and water gathering and transportation assets, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.