Targa Resources Mergers and Acquisitions Summary

Energy Services And Equipment Company

Targa Resources has acquired 9 companies, including 3 in the last 5 years. It has also divested 2 assets.

Targa Resources’ largest acquisition to date was in 2014, when it acquired Atlas Pipeline Partners for $7.7B. Targa Resources has acquired in 6 different US states. The Company’s most targeted sectors include energy services and equipment (100%).

Join Mergr and gain access to Targa Resources’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity9
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 8
  • M&A Advisors 4

Targa Resources Corp.

811 Louisiana Street Suite 2100,
Houston, Texas 77002
United States,
(713) 584-1000
www.targaresources.com

Targa Resources Corp. 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.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.6/yr) # 6 - 3 - - - 9
vol $11.0B $11.0B
Sell (0.2/yr) # 1 - - - 1 - 2
  11

Most Recent M&A

Company Date Value Type
Targa Badlands LLC 2019-02-19 - Stake Purchase
, North Dakota
Outrigger Midland Operating LLC 2017-01-23 - Add-on Acquisition
Midland, Michigan
Outrigger Southern Delaware Operating LLC 2017-01-23 - Add-on Acquisition
, Delaware
Outrigger Delaware Operating LLC 2017-01-23 - Divestiture
, Delaware
Atlas Pipeline Partners LP 2014-10-13 7.7B USD Merger
Pittsburgh, Pennsylvania · www.atlaspipelinepartners.com
Saddle Butte Pipeline - Williston Basin Crude Oil Pipeline and Terminal System 2013-01-02 950M USD Divestiture
, United States
Venice Energy Services Co. LLC 2008-06-30 - Divestiture
Venice, Louisiana
Bridgeline LLC 2005-08-02 - Divestiture
New Orleans, Louisiana
Dynegy, Inc. - Midstream Natural Gas Business 2005-08-02 2.4B USD Divestiture
Houston, Texas
Bridgeline LLC 2004-12-16 - Stake Purchase
New Orleans, Louisiana
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 9 (100%) 11.0B (100%) 2 (100%) -
Total 9 $11.0B 2 -

By Geo

State/Country Buy Value Sell Value
United States 9 11.0B 2 -
  Louisiana 2 - 1 -
  Texas 2 2.4B - -
  Delaware 2 - - -
  Pennsylvania 1 7.7B - -
  Michigan 1 - - -
  North Dakota - - 1 -
Total 9 $11.0B 2 -

Top M&A Advisors

Financial Deals
Evercore Group LLC
1
Bank of America Merrill Lynch
1
Legal Deals
Vinson & Elkins LLP
2
Cleary Gottlieb Steen & Hamilton LLP
1

Deal Values

buy # Total
> $1B 2 $10.1B
$100M to $1B 1 $950M
TOTAL $11.0B
Largest Atlas Pipeline Partners LP
$7.7B (2014-10-13)

M&A Connections

Deals %
Acquired from
Strategic(s)
100%
7 100%
Divested to
PE Firm(s)
67%
2 67%
Strategic(s)
33%
1 33%

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