Crestwood - M&A Summary, Ownership, and Business Overview

Energy Services And EquipmentCompany

Crestwood M&A Summary

Crestwood has acquired 5 companies of its own, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 4 assets.

Crestwood’s largest acquisition to date was in 2021, when it acquired Oasis Midstream Partners for $1.8B. It’s largest disclosed sale occurred in 2021, when it sold Stagecoach Gas Services to Kinder Morgan for $1.2B. Crestwood has acquired in 2 different US states. The Company’s most targeted sectors include oil/gas exploration (75%) and energy services and equipment (25%).

Crestwood Ownership

Who owns Crestwood?

Crestwood is owned by Energy Transfer. It was acquired on August 16, 2023.

Crestwood Business Overview

Where is Crestwood headquartered?

Crestwood is headquartered in Houston, Texas.

What is Crestwood’s revenue?

Crestwood disclosed revenue of 6,001M USD for 2022 and 4,569M USD for 2021.

What sector is Crestwood in?

Crestwood is an energy services and equipment company.

When was Crestwood founded?

Crestwood was founded in 2001.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity4
    • M&A Sell Activity4
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 8
  • M&A Advisors 5

Crestwood

Crestwood Equity Partners LP

811 Main Street, Suite 3400,
Houston, Texas 77002
United States,
(832) 519-2200
www.crestwoodlp.com

Crestwood is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. The company is engaged in the gathering, processing, treating, compression, and transportation of natural gas; storage, transportation, terminalling, and marketing of NGLs; gathering, storage, terminalling, and marketing of crude oil; and gathering and disposal of produced water. Crestwood was founded in 2001 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 3 - 1 - - - 4
vol $425M $1.8B $2.2B
Sell (0.6/yr) # 1 - 1 2 - - 4
vol $225M $1.2B $480M $1.9B
  8

Most Recent M&A

Company Date Value Type
Crestwood Equity Partners - Marcellus Gathering and Compression System 2022-09-12 205M USD Divestiture
Houston, Texas
Crestwood Equity Partners - North Texas Gathering & Processing Assets 2022-05-25 275M USD Divestiture
Houston, Texas
Oasis Midstream Partners LP 2021-10-26 1.8B USD Add-on Acquisition
Houston, Texas · www.oasismidstream.com
Stagecoach Gas Services LLC 2021-06-01 1.2B USD Divestiture
Owego, New York · www.stagecoachgs.com
US Salt LLC 2017-10-31 225M USD Divestiture
Kansas City, Montana · www.ussaltllc.com
Crestwood Midstream Partners LP 2015-09-30 - Merger
Houston, Texas
Inergy Crude Logistics LLC 2012-12-07 425M USD Add-on Acquisition
Sugar Land, Texas
Jackalope Gas Gathering Services LLC 2012-01-02 - Joint Venture
Oklahoma City, Oklahoma
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 3 (75%) 2.2B (100%) 1 (25%) 275M (14%)
Energy Services and Equipment 1 (25%) - 2 (50%) 1.4B (74%)
Chemicals - - 1 (25%) 225M (12%)
Total 4 $2.2B 4 $1.9B

By Geo

State/Country Buy Value Sell Value
United States 4 2.2B 4 1.9B
  Texas 3 2.2B 2 480M
  Oklahoma 1 - - -
  New York - - 1 1.2B
  Montana - - 1 225M
Total 4 $2.2B 4 $1.9B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
1
Evercore Group
1
Intrepid Investment Bankers LLC
1
Legal Deals
Baker Botts
1
Vinson & Elkins
1

Deal Values

buy # Total
> $1B 1 $1.8B
$100M to $1B 1 $425M
TOTAL $2.2B
Largest Oasis Midstream Partners LP
$1.8B (2021-10-26)
sell # Total
> $1B 1 $1.2B
$100M to $1B 3 $705M
TOTAL $1.9B
Largest Stagecoach Gas Services LLC
$1.2B (2021-06-01)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Divested to
Strategic(s)
100%
4 (100%)

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