Abu dhabi: E Point Zero Holding RSC LTD (ePointZero), a subsidiary of Two Point Zero Group PJSC, has entered into an agreement to acquire a 100% stake in US-based Traverse Midstream Partners, LLC in a deal valued at US$2.25 billion. Founded in Abu Dhabi, ePointZero is a global investment company investing in energy solutions, specialised infrastructure, and strategic assets. The company deploys capital into the platforms and assets that power the modern economy.
According to Emirates News Agency, ePointZero's portfolio is strategically positioned to support the accelerating demand for electrification, digitalisation, and energy resilience. Through its investments, ePointZero plays a central role in enabling the systems that power data, industry, and the broader transition toward a more connected and sustainable future.
Traverse Midstream Partners, LLC (Traverse) is a portfolio company of The Energy and Minerals Group (EMG) that holds a portfolio of non-operated midstream assets. Traverse owns strategic minority stakes in Rover Pipeline LLC (Rover) and Ohio River System LLC (ORS). Rover is a large-scale, interstate natural gas pipeline that provides takeaway capacity from the Utica and Marcellus Shale production areas in the US to demand markets in the Upper Midwest, US Gulf Coast, and Eastern Canada. It connects a prolific gas-producing region in North America to downstream consumers and export infrastructure.
ORS is a recently constructed, dry natural gas header system positioned to gather natural gas production from core Utica and the emerging Ohio Marcellus production areas. ORS enhances regional connectivity and system flexibility across key energy corridors. ePointZero is currently undertaking the required procedures to complete the transaction, subject to obtaining the necessary approvals from the relevant regulatory authorities.