M&A Deal Summary

Targa Resources Acquires Atlas Pipeline Partners

On October 13, 2014, Targa Resources acquired energy services and equipment company Atlas Pipeline Partners for 7.7B USD

Acquisition Highlights
  • This is Targa Resources’ 6th transaction in the Energy Services and Equipment sector.
  • This is Targa Resources’ largest (disclosed) transaction.
  • This is Targa Resources’ 6th transaction in the United States.
  • This is Targa Resources’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2014-10-13
Target Atlas Pipeline Partners
Sector Energy Services and Equipment
Buyer(s) Targa Resources
Deal Type Merger
Deal Value 7.7B USD
Advisor(s) Wachtell, Lipton, Rosen & Katz (Legal)

Target

Atlas Pipeline Partners

Pittsburgh, Pennsylvania, United States
website
Atlas Pipeline Partners LP is engaged in gathering and processing segments of the midstream natural gas industry. In Oklahoma, southern Kansas, northern and western Texas, and Tennessee, APL owns and operates 13 active gas processing plants, 18 gas treating facilities, as well as approximately 10,600 miles of active intrastate gas gathering pipeline.

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Buyer(S) 1

Buyer

Targa Resources

Houston, Texas, United States

website

Category Company
Founded 2005
Sector Energy Services and Equipment
Employees2,372
Revenue 20.9B USD (2022)
DESCRIPTION

Targa Resources is an independent midstream energy companies in the U.S., providing gas gathering, processing, fractionation and transportation through an extensive portfolio of integrated midstream assets. Targa Resources was founded in 2005 and is based in Houston, Texas.

DEAL STATS #
Overall 6 of 12
Sector (Energy Services and Equipment) 6 of 10
Type (Merger) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 6 of 12
Year (2014) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Saddle Butte Pipeline - Williston Basin Crude Oil Pipeline and Terminal System

United States

Saddle Butte Pipeline - Williston Basin Crude Oil Pipeline and Terminal System is a provider of energy services.

Buy $950M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-23 Outrigger Midland Operating

Midland, Michigan, United States

Outrigger Midland Operating LLC is a provider of midstream services.

Buy -
Mergr

Product

Company

Legal