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Announced

EnLink Midstream to acquire the North Texas gathering and processing assets of Crestwood Equity Partners for $275m.

Financials

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Transaction Value£219m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

gathering systems

Pending

Majority

United States

Offshore Drilling and Other Services

Single Bidder

Friendly

Private

Domestic

Private Equity

liquefied natural gas

Synopsis

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EnLink Midstream, a natural gas transmission company, agreed to acquire the North Texas gathering and processing assets of Crestwood Equity Partners, a private equity firm, for $275m. "We are very pleased to announce the agreement to acquire this gathering and processing system in North Texas, which is composed of assets that are highly complementary to EnLink's, both in North Texas and in our other areas of operation," Barry E. Davis, EnLink Chairman and CEO.

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