USA Compression Partners, a provider of compression services, completed the acquisition of CDM compression business from Energy Transfer Partners, an operator of diversified portfolios of energy assets for $1.2bn. The transaction includes $1.232bn in cash (including customary closing adjustments), approximately 19.2m USAC common units and approximately 6.4m USAC Class B units. The transaction is expected to strengthen ETP’s balance sheet by allowing ETP to use the cash proceeds from the transactions to reduce leverage.