PITTSBURGH – Global law firm Reed Smith today announced that it has advised Fortress Investment Group in connection with its equity investment in a newly-formed buyer consortium entity comprised of family offices and financial institutions and the consortium’s subsequent acquisition of PureWest Energy, LLC through an all-cash merger for a total consideration of $1.84 billion.
Fortress Investment Group is a leading, highly diversified global investment manager with more than $44 billion of assets under management.
PureWest Energy, LLC is a leading Rocky Mountain independent natural gas producer.
A cross-practice and cross-office team comprised of Pittsburgh energy and natural resources partners Ryan Purpura and Ryan Haddad, Houston corporate partner Robert Phillpott, Dallas corporate partner Lyn Reinhardt, Houston corporate associate Katie Belleville, and Dallas corporate associate Brooke Dorris advised Fortress Investment Group.
Additional details pertaining to this transaction is available on prnewswire.com.