PureWest Energy LLC, which develops natural gas reserves in Wyoming’s Green River Basin, has struck a $1.84 billion deal to merge with a group of financial buyers.

The all-cash transaction is by PW Consortium, a group that includes A.G. Hill Partners LLC, Cain Capital LLC, Eaglebine Capital Partners LP, Fortress Investment Group LLC, HF Capital LLC, Petro-Hunt LLC and Wincoram Asset Management LLC. Some affiliates are involved in oil and gas investments.

PureWest CEO Chris Valdez said the consortium would “further fortify the robust platform we have established.” The existing management team and employees would be able to retain their positions, with a new board appointed by PW. 

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