Energy Transfer to Acquire Crestwood Equity Partners in $7.1 Billion All-Equity Deal
August 16, 2023
Energy Transfer LP will acquire Crestwood Equity Partners LP in an all-equity transaction valued at approximately $7.1 billion, including the assumption of about $3.3 billion of debt. The merger is expected to close in the fourth quarter of 2023, subject to approvals and customary closing conditions.
- Buyers
- Energy Transfer LP
- Targets
- Crestwood Equity Partners LP
- Industry
- Energy
- Location
- Texas, United States
- Transaction Type
- Buyout
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