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New Deal


Announced

Antero Midstream to acquire Marcellus Shale gas gathering and compression assets from Crestwood Equity Partners for $205m.

Financials

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Transaction Value£207m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Majority

United States

Acquisition

Friendly

Single Bidder

gas gathering pipeline

Integrated Oil and Gas

Domestic

Private

Synopsis

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Antero Midstream, a gas gathering company, to acquire Marcellus Shale gas gathering and compression assets from Crestwood Equity Partners, a private equity firm, for $205m. "Today's bolt-on acquisition provides significant synergies that drive attractive economics and immediate Free Cash Flow accretion to Antero Midstream. The acquisition is consistent with Antero Midstream's strategy of investing in infrastructure in the Marcellus, the lowest cost shale play, for high visibility customers, particularly Antero Resources. Importantly, the assets include underutilized gathering and compression capacity for capital efficient development from both Antero Resources and other third parties," Paul Rady, Antero Midstream Chairman and CEO.

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