Bear Tracker Energy Announces Signing of Agreement to be Sold to Summit Midstream Partners

DENVER--(BUSINESS WIRE)--Bear Tracker Energy, LLC (“Bear Tracker”), a midstream energy company, announced the signing of a definitive agreement to be acquired by Summit Midstream Partners, LLC (“Summit Investments”).

“We are excited to combine our platform with Summit Investments and continue to provide superior midstream solutions to our customers. I could not be more proud of what our team has achieved since Bear Tracker’s inception in 2010. I am certain that, under Summit Investments’ leadership, Bear Tracker’s outstanding growth trajectory will continue,” said Robert J. Clark, Chairman & Chief Executive Officer of Bear Tracker Energy, LLC.

Wells Fargo Securities, LLC advised Bear Tracker on this transaction.

About Bear Tracker Energy

Bear Tracker Energy, LLC, headquartered in Denver, CO, is a full service midstream energy company with a primary geographical focus in the Rocky Mountain region. The company's services include natural gas gathering, processing, compression, treating, fractionation, crude oil gathering and NGL & natural gas marketing services. Bear Tracker Energy is a private company backed by GSO Capital Partners. For more information, please visit www.beartrackerenergy.com.

About The Blackstone Group and GSO Capital Partners

Blackstone is one of the world’s leading investment and advisory firms. Blackstone seeks to create positive economic impact and long-term value for its investors, the companies it invests in, the companies it advises and the broader global economy. The firm does this through the commitment of its extraordinary people and flexible capital. GSO Capital Partners LP is the global credit platform of Blackstone. GSO, together with its affiliates, has approximately $55 billion of assets currently under management and is one of the largest credit-oriented alternative managers in the world and a major participant in the leveraged finance marketplace. GSO seeks to generate superior risk-adjusted returns in its credit business by investing in a broad array of strategies including mezzanine, distressed investing leveraged loans and other special situation strategies. Blackstone’s other alternative asset management businesses include the management of private equity funds, real estate funds, funds of hedge funds, and closed-end mutual funds. Blackstone also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow us on Twitter @Blackstone.