After its executives sold Copano Energy to Kinder Morgan last year, Navitas Midstream Partners is planning to build a new midstream oil and natural gas company that offers gathering pipelines, processing and treatment services in North America, said Navitas co-founder Bruce Northcutt. The company will purchase assets using its $500 million investment from private equity firm Warburg Pincus, although it has not yet decided where it will invest, said Northcutt, who was also the president and CEO of Copano.

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