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Announced

Completed

Crestwood Equity Partners completed the acquisition of Sendero Midstream Partners for $600m.

Financials

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Transaction Value£475m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Friendly

Domestic

Majority

Integrated Oil and Gas

Private Equity

Single Bidder

Private

Acquisition

oil and gas

Completed

Synopsis

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Crestwood Equity Partners, a private equity firm, completed the acquisition of Sendero Midstream Partners, an oil and gas company, for $600m. The Sendero Midstream transaction provides a natural catalyst to execute Crestwood’s stated objective to consolidate First Reserve’s 50% equity interest of CPJV, which enhances scale and removes the structural complexity of the joint venture in Crestwood’s asset portfolio.

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