About Lotus Midstream
Lotus Midstream is an Energy & Utilities company based in Sugar Land (United States) founded in 2018, and was acquired by Energy Transfer Partners in March 2023. Crude oil transportation services are provided in the midstream sector. Lotus Midstream has raised $400 million across 1 funding round from investors including Energy Transfer Partners, EnCap Flatrock Midstream and Lotus Management Inc. Lotus Midstream has completed 1 acquisition, including Centurion Pipeline. Its focus areas include Energy, Oil & Gas Midstream, Transportation and Pipelines. Its competitors include Buckeye Partners, NuStar Energy and MPLX.
Company details
Lotus Midstream was established in 2018 and is headquartered in Sugar Land, United States. Operations in the energy midstream sector are centered on the transportation of crude oil. Services include pipeline and logistics support for moving resources efficiently across domestic networks. Focus is placed on infrastructure that connects production sites to refineries, with activities conducted primarily within the United States. Geographic emphasis remains on key oil-producing regions.
- Headquarters Sugar Land, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website lotusmidstream.com
- Acquired by Energy Transfer Partners (Mar 2023)
- Total Equity Funding$400M (USD)
in 1 rounds
- Latest Funding Round$400M (USD), Private Equity Round
Feb 2018
- InvestorsEnergy Transfer Partners
& 2 more
- Investments & Acquisitions
- Acquired byEnergy Transfer Partners
(Mar 2023)
Funding Insights of Lotus Midstream
Lotus Midstream has successfully raised a total of $400M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $400 million completed in February 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $400M
- Total Rounds 1
- Last Round Private Equity Round — $400M
- First Round $400M
(Feb 2018)
- Investors Count 2
All 1 funding rounds of Lotus Midstream with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2018 | $400M | Private Equity Round | – | – |
3 investors in total: 3 institutional.
Investors in Lotus Midstream
Lotus Midstream has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Energy Transfer Partners, EnCap Flatrock Midstream and Lotus Management Inc.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in midstream management teams. | efmidstream.com | San Antonio, United States | ||
Investment returns are provided for owners and investors by Lotus Management Inc. | lotusmgmtinc.com | San Jose, USA | ||
Midstream services for oil and gas are provided. | 1996 | energytransfer.com | Dallas, United States |
Investor details for Lotus Midstream
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People of Lotus Midstream
8 people are tracked at Lotus Midstream (6 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Emily Baker | Chief Commercial Officer, Founding Partner | Leadership |
Pete Gvazdauskas | CFO | Leadership |
Phillip Criniti | Director of Finance | Leadership |
Jen Fontenot | COO, Founding Partner | Leadership |
Mike Prince | CEO, Founding Partner | Leadership |
Brian Hoogendam | Chief Information Officer | Leadership |
Kathleen Shea-Ballay | General Counsel | Team |
Jill Eppes | Controller | Team |
Complete people profiles for Lotus Midstream
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Investments & Acquisitions by Lotus Midstream
Lotus Midstream has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Centurion Pipeline.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Crude oil is transmitted through pipelines by the company. | centurionpipeline.com | Houston, United States | 2003 | Aug 2018 | •••• |
Complete acquisition details for Lotus Midstream
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Timeline of Lotus Midstream
4 dated milestones of Lotus Midstream across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Lotus Midstream is founded.
- Funding First funding round of $400.0M.
- Acquisition Acquires Centurion Pipeline.
- Exit Acquired by Energy Transfer Partners.
Competitors of Lotus Midstream
Lotus Midstream has 3 listed competitors in our database. They include Buckeye Partners, NuStar Energy and MPLX.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| buckeye.com | 1886 | Toledo, United States | 1,621 | Midstream logistic solutions for petroleum products are provided. | ||
| nustarenergy.com | 2001 | United States | 1,184 | Liquid terminals and pipelines are operated in the energy sector. | ||
| mplx.com | 2012 | Findlay, United States | 5,810 | Crude oil pipelines are operated in the United States. |
Detailed competitors of Lotus Midstream
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Top companies in Oil & Gas Operations
3 companies that operate in the same segment as Lotus Midstream (Oil & Gas Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Oilfield services and products are supplied worldwide by Schlumberger. | 1926 | United States | USD 35.69 B | 110,000 | ||
bp is recognized as a global energy company. | 1909 | United States | USD 185.5 B | 100,500 | ||
Energy production and transportation are conducted by Dominion Energy. | 1983 | United States | USD 16.73 B | 14,700 |
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Related news about Lotus Midstream
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Frequently Asked Questions about Lotus Midstream
Lotus Midstream was founded in 2018.
Lotus Midstream is headquartered in Sugar Land, United States. It is registered at Sugar Land, Texas, United States.
Lotus Midstream is a funded company, having raised a total of $400M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $400M, raised on Feb 2018.
Lotus Midstream was established in 2018 and is headquartered in Sugar Land, United States. Operations in the energy midstream sector are centered on the transportation of crude oil. Services include pipeline and logistics support for moving resources efficiently across domestic networks. Focus is placed on infrastructure that connects production sites to refineries, with activities conducted primarily within the United States. Geographic emphasis remains on key oil-producing regions.
Lotus Midstream's top competitors include NuStar Energy, Buckeye Partners and MPLX.
Lotus Midstream has made 1 acquisition, including Centurion Pipeline.
Lotus Midstream has 3 investors. Key investors include Energy Transfer Partners, EnCap Flatrock Midstream, and Lotus Management Inc.
Yes. Lotus Midstream was acquired by Energy Transfer Partners in March 2023.