Houlihan Lokey Advises Lane42 Investment Partners

Houlihan Lokey is pleased to announce that Lane42 Investment Partners, LLC (Lane42) has acquired Aqua Terra Permian, LLC (Aqua Terra Permian) in partnership with Karis Midstream Partners (Karis). Houlihan Lokey acted as financial advisor to Lane42. This transaction closed on December 30, 2025.

Lane42 Investment Partners is an alternative asset management firm focused on capturing value creation opportunities arising from inefficiencies across public and private markets and the convergence of debt and equity financing across asset classes. Founded by Scott L. Graves, the firm is headquartered in Santa Monica and New York and is backed by a strategic investment from affiliates of Millennium Management LLC.

Aqua Terra Permian is an energy infrastructure company serving exploration and production (E&P) customers with core acreage positions in the Permian Basin, operating a network of gathering, transportation and saltwater disposal wells. The company has built its business on deep technical expertise, long-standing customer relationships, and a strong reputation for operational reliability and regulatory compliance and is supported by long-term contracts with investment-grade counterparties.

The platform will be led by the Karis team, with Odely Sakazi and David Melton serving as CEO and COO, respectively.

Houlihan Lokey acted as financial advisor to Lane42 for all aspects of this transaction.

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