2PointZero unit to buy US gas pipeline developer for $2.3bn

2PointZero Group, the Abu Dhabi-based investment holding company, has agreed to acquire a US-based developer of long-haul natural gas pipelines for $2.3 billion.

The deal, under which 2PointZero subsidiary ePointZero will acquire a 100 percent stake in Traverse Midstream Partners, comes as Iran continues to attack GCC oil and gas infrastructure.

The transaction is subject to regulatory clearances, 2PointZero said in a statement to the Abu Dhabi Securities Exchange.

Traverse Midstream is part of Energy and Minerals Group, a private equity firm, and owns minority stakes in US natural gas infrastructure including the Rover Pipeline and Ohio River System. 

These pipelines support the movement of gas from the Utica and Marcellus shale regions to key demand centres in the upper Midwest, the Gulf Coast and eastern Canada.

2PointZero Group was formed in October 2025 by the merger of Multiply Group, Ghitha Holding and the original 2PointZero under International Holding Company (IHC), with combined assets valued at AED120 billion ($33 billion).

In November 2025 it announced plans for a global acquisition drive and a possible dividend payout starting in 2027.

IHC is chaired by national-security adviser Sheikh Tahnoon bin Zayed Al Nahyan.

The UAE’s ambassador to the US, Yousef Al Otaib, said last month that the Emirates’ $1.4 trillion investment and economic framework with America remains on track despite the US-Israeli war on Iran.  

Shares in 2PointZero Group closed 2 percent lower at AED1.92 on Tuesday, down 27 percent so far this year.

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