Five Point Said In Talks to Sell Northwind Midstream to MPLX

Five Point Infrastructure is in talks to sell Northwind Midstream Partners LLC for about $2.3 billion to MPLX LP, people familiar with the matter said.

The private equity firm could reach a deal with MPLX, the operator of midstream energy infrastructure, in the coming weeks, according to the people.

MPLX has risen more than 20% over the last 12 months, giving the Findlay, Ohio-based company a market value of about $53 billion. MPLX is controlled by Marathon Petroleum Corp.

While talks are at an advanced stage, they could still be delayed or falter, the people said, asking not to ...