Deal Description: EnLink Midstream, LLC (NYSE: ENLC) announced that it has entered into a definitive agreement to acquire North Texas gathering and processing assets from Crestwood Equity Partners LP (NYSE: CEQP) for $275 million, subject to certain customary adjustments and regulatory approval. The adjacency of the assets to EnLink's North Texas footprint provides significant synergies and the opportunity to redeploy assets to EnLink's other areas of operation, resulting in significant capital avoidance and driving attractive transaction economics.
Baker Botts acted as EnLink’s legal advisor.
EnLink’s press release can be found here.
Baker Botts Lawyers/Offices Involved:
Corporate: Preston Bernhisel (Partner, Dallas), Nic O’Brien (Senior Associate, Dallas) and Victor Ochieng (Associate, Dallas)
Tax: Steve Marcus (Partner, Dallas), Jordan Hahn (Senior Associate, Dallas)
Environmental: Scott Janoe (Partner, Houston), Hannah Roskey (Associate, Houston)
Antitrust: Thomas Fina (Partner, Washington, D.C.) and Michael Bodosky (Special Counsel, Washington, D.C.)
EnLink’s in-house counsel: Sarah Rechter, Deputy General Counsel
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