Announced
Completed
Financials
Tags
United States
Friendly
Domestic
Majority
Integrated Oil and Gas
Private Equity
Single Bidder
Private
Acquisition
oil and gas
Completed
Synopsis
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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