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Tallgrass Completes Ruby Pipeline Acquisition

Jan 17, 2023•almost 3 years ago

Acquiring Company

Tallgrass

Acquired Company

Ruby Pipeline

Renewable EnergyOil And GasEnergy

Description

Today, Tallgrass announced the successful completion of its acquisition of the Ruby Pipeline. The acquisition, which was previously announced in December, extends Tallgrass’ reach to west coast markets and adds 683 miles of modern 42” pipeline infrastructure capable of moving 1.5 bcf/d to the company’s extensive asset base.

Company Information

Company

Tallgrass

About

Tallgrass is a leading energy infrastructure company focused on safely, reliably and sustainably delivering the energy and services that fuel homes and businesses and enable quality of life. We are committed to being at the forefront of efforts to decarbonize our world. An investor group led by Blackstone Infrastructure Partners, which includes Enagás SA, GIC, NPS and USS, owns the outstanding equity interests in Tallgrass. Learn more at Tallgrass.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed