Targa Resources Mergers and Acquisitions Summary

Energy Services And EquipmentCompany

Targa Resources has acquired 13 companies, including 7 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

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 (84%) and oil/gas exploration (17%).

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 Activity13
    • M&A Buy Activity12
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 9
  • M&A Advisors 5

Targa Resources

Targa Resources Corp.

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

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.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.6/yr) # 9 - 1 - - 2 12
vol $11.0B $3.6B $14.6B
Sell (0.0/yr) # 1 - - - - - 1
  13

Most Recent M&A

Company Date Value Type
Lucid Energy Group II LLC 2022-06-16 3.6B USD Acquisition Financing
Dallas, Texas
Southcross Energy Operating LLC 2022-04-21 - Add-on Acquisition
Houston, Texas · www.southcrossenergy.com
Targa Badlands LLC 2019-02-19 - Joint Venture
Houston, Texas
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 10 (83%) 11.0B (76%) 1 (100%) -
Oil/Gas Exploration 2 (17%) 3.6B (24%) - -
Total 12 $14.6B 1 -

By Geo

State/Country Buy Value Sell Value
United States 12 14.6B 1 -
  Texas 5 5.9B - -
  Louisiana 2 - 1 -
  Delaware 2 - - -
  Pennsylvania 1 7.7B - -
  Michigan 1 - - -
Total 12 $14.6B 1 -

Top M&A Advisors

Financial Deals
Bank of America Merrill Lynch (BofA Securities)
1
Mizuho Securities Co., Ltd.
1
Evercore Group LLC
1
Legal Deals
Vinson & Elkins LLP
2
Cleary Gottlieb Steen & Hamilton LLP
1

Deal Values

buy # Total
> $1B 3 $13.6B
$100M to $1B 1 $950M
TOTAL $14.6B
Largest Atlas Pipeline Partners LP
$7.7B (2014-10-13)

M&A Connections

Deals
Acquired from
Investor(s)
8%
1 (8%)
Strategic(s)
50%
6 (50%)
Divested to
Strategic(s)
100%
1 (100%)

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