Energy Transfer To Acquire Crestwood In A $7.1 Billion All-Equity Transaction
Acquiring Company
Energy Transfer
Acquired Company
Crestwood Equity Partners
DallasEnergyOil And GasRenewable EnergyEnergyOil And GasDescription
Energy Transfer LP (NYSE: ET) (“Energy Transfer”) and Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that the parties have entered into a definitive merger agreement pursuant to which Energy Transfer will acquire Crestwood in an all-equity transaction valued at approximately $7.1 billion, including the assumption of $3.3 billion of debt, based on the closing price on August 15, 2023.
Quick answer
Energy Transfer is acquiring Crestwood Equity Partners for $7.1 billion, announced August 16, 2023. Energy Transfer is based in Dallas, Texas, United States.
- How much did Energy Transfer pay for Crestwood Equity Partners?
- The reported deal value is $7.1 billion.
- What does Energy Transfer do?
- Energy Transfer LP is a Delaware-based energy company primarily engaged in the transportation and storage of natural gas, NGLs, and crude oil.
- Where are Energy Transfer and Crestwood Equity Partners based?
- Energy Transfer is based in Dallas, Texas, United States.
- Who are the decision-makers at Energy Transfer?
- Fundz holds 2 contacts at Energy Transfer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Crestwood Equity Partners?
Crestwood Equity Partners was acquired by Energy Transfer, based in Dallas. The deal was reported on August 16, 2023. Energy Transfer LP is a Delaware-based energy company primarily engaged in the transportation and storage of natural gas, NGLs, and crude oil. Energy Transfer is publicly traded (ET) and operates in Energy.
When did Energy Transfer acquire Crestwood Equity Partners?
Energy Transfer's acquisition of Crestwood Equity Partners was reported on August 16, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Crestwood Equity Partners do?
Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. It is privately held, operating in Energy.
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