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New Deal

New Deal

Announced

Completed

Targa Resources completed the acquisition of Southcross Energy Operating for $200m.

Financials

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Transaction Value£152m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Targa Resources Corp

bidder

Targa Resources Corp

Southcross Energy

target

Southcross Energy

Sources

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Press Release

Targa Resources - 

Completion Announcement

Targa Resources - 

Tags

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Private

Acquisition

Single Bidder

Domestic

Friendly

Majority

Completed

natural gas

United States

Integrated Oil and Gas

Synopsis

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Targa Resources, a midstream infrastructure company, completed the acquisition of Southcross Energy Operating, a natural gas company, for $200m.

Service Providers (5)

Dealmakers

Latham & Watkins

legal advisors

Latham & Watkins

Winston & Strawn

legal advisors

Winston & Strawn

Wells Fargo Securities

financial advisors

Wells Fargo Securities

Piper Sandler

financial advisors

Piper Sandler

Shearman & Sterling

legal advisors

Shearman & Sterling

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