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January 23, 2026
Kirkland Advises Waterfield Midstream on Sale of All Assets to Stonehill Environmental Partners

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- Kirkland & Ellis represented Waterfield Midstream LLC, a provider of water midstream infrastructure in the Permian Basin, in the sale of all its assets to Stonehill Environmental Partners, which is supported by Golden Gate Capital
- The legal team from Kirkland included partners and associates specializing in transactions, tax, environmental transactions, and debt financing, led by Chad Smith, Kyle Watson, and Rhett Van Syoc.
Kirkland & Ellis advised Waterfield Midstream LLC (Waterfield), a provider of water midstream infrastructure solutions in the Permian Basin, on the sale of all of its assets to Stonehill Environmental Partners, an energy infrastructure platform backed by Golden Gate Capital. Read Stonehill’s press release The Kirkland team was led by transactional partners Chad Smith, Kyle Watson and Rhett Van Syoc and associates Justin Clune, Will Eiland, Matt Gibson and Adam Wojcik. The team also included tax partner Mark Dundon and associate Victoria Chang; environmental transactions partner Jonathan Kidwell and associate Ty’Meka Reeves-Sobers; and debt financing partner Andy Veit.
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