One-Page Deal Sheet
Crestwood to Acquire Arrow Midstream; Expands Bakken Presence
Crestwood Midstream Partners Lp Arrow Midstream Holdings Llc
Announced Date
October 10,2013
Transaction Type
Corporate
Location
Region
United States,Williston Basin
Country
United States
State
North Dakota
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Transaction Details: Require Private Equity Subscription
Crestwood Midstream Partners LP has reported that its wholly-owned subsidiary, Crestwood Arrow Acquisition LLC, has entered into an agreement to acquire Arrow Midstream Holdings LLC, a privately-held midstream company, for approximately $750 million, subject to customary purchase price adjustments.
The acquisition marks a continuation of Crestwood's liquids-focused strategy by significantly expanding Crestwood's operational footprint in the Bakken Shale and highlights the immediate benefits of the merger of Crestwood and Inergy Midstream, which was completed on Monday, October 7, 2013. The…