Financial Advisor
Karis Midstream Partners
M&A Advisory
In Partnership With
Has Acquired the Permian Assets Of
Transaction Details
On January 5, 2026, Lane42 Investment Partners, LLC (“Lane42”) announced that it has acquired Aqua Terra Permian, LLC ("Aqua Terra Permian") in partnership with Karis Midstream Partners ("Karis").
The platform will be led by the Karis team with Odely Sakazi and David Melton serving as CEO and COO, respectively.
Aqua Terra Permian is an energy infrastructure company serving exploration and production customers with core acreage positions in the Permian Basin, operating a network of gathering, transportation, and saltwater disposal wells.
Stephens served as exclusive financial advisor to Karis Midstream Partners. Stephens provided industry-focused M&A and capital raising advisory services in connection with the transaction.
About the company
Karis Midstream Partners
Karis Midstream Partners was founded by Odely Sakazi and David Melton in 2025 for the purpose of building a leading midstream company. Mr. Sakazi and Mr. Melton bring approximately 40 years of combined industry experience having successfully built and led leading midstream platforms.
Lane42 Investment Partners
Lane42 Investment Partners is an alternative asset management firm specializing in capturing the most compelling opportunities for value creation from inefficiencies in public and private markets and the convergence of debt and equity financing across asset classes. Lane42's mission is to deliver value to investors and exceptional partnership to portfolio companies, driven by a culture of integrity, collaboration, and alignment. Founded by Scott L. Graves, an accomplished investment professional with more than 30 years of public and private credit and equity investing experience, Lane42 was seeded with a $2 billion capital commitment and a minority equity investment from affiliates of Millennium Management LLC. Lane42 is headquartered in Santa Monica and New York. www.Lane42.com.
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Sources: Press Release.
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