Trafigura and Haddington Ventures completed the acquisition of a 71.5% stake in Sawtooth Caverns from NGL Energy Partners for $70m.

Trafigura, a Swiss multinational commodity trading company, and Haddington Ventures, a private equity firm, completed the acquisition of a 71.5% stake in Sawtooth Caverns, the largest natural gas liquids storage facility in the Western United States, from NGL Energy Partners, a diversified midstream MLP, for $70m. “Trafigura has the expertise and market presence, alongside Haddington Ventures’ significant expertise and experience in the development of salt caverns, to help us realize our ambition to become the Western energy hub of the United States,” Dan Myers, Sawtooth Caverns CEO.