M&A Deal Summary

Tallgrass Energy Partners Acquires EH2 Power

On August 9, 2021, Tallgrass Energy Partners acquired energy services and equipment company EH2 Power from Brooks Energy

Acquisition Highlights
  • This is Tallgrass Energy Partners’ 6th transaction in the Energy Services and Equipment sector.
  • This is Tallgrass Energy Partners’ 8th transaction in the United States.
  • This is Tallgrass Energy Partners’ 1st transaction in New Mexico.

M&A Deal Summary
Date 2021-08-09
Target EH2 Power
Sector Energy Services and Equipment
Buyer(s) Tallgrass Energy Partners
Sellers(s) Brooks Energy
Deal Type Divestiture

Target

EH2 Power

Prewitt, New Mexico, United States
EH2 Power is developing a first-of-its-kind hydrogen-to-power project at Tri-State Generation and Transmission Association, Inc.’s Escalante Generating Station near Prewitt, New Mexico, by converting the retired coal-fired power plant into a clean hydrogen-fired power generating facility. EH2 Power is based in Prewitt, New Mexico.

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Buyer(S) 1

Buyer

Tallgrass Energy Partners

Overland Park, Kansas, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Tallgrass Energy is a family of companies formed to own, operate, acquire and develop midstream energy assets in North America. The Tallgrass Energy family is comprised of Tallgrass Energy Partners, LP, a master limited partnership, and Tallgrass Development, LP.

DEAL STATS #
Overall 8 of 8
Sector (Energy Services and Equipment) 6 of 6
Type (Divestiture) 4 of 4
State (New Mexico) 1 of 1
Country (United States) 8 of 8
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 NGL Energy Partners - Water Solutions Bakken

Tulsa, Oklahoma, United States

NGL Energy Partners LP - Water Solutions Bakken operations include five saltwater disposal wells located in McKenzie and Dunn Counties, North Dakota. The Water Solutions segment provides services for the treatment and disposal of wastewater generated from crude oil and natural gas production and for the disposal of solids such as tank bottoms and drilling fluids and performs truck and frac tank washouts. In addition, the Water Solutions segment sells the recovered hydrocarbons that result from performing these services.

Buy $91M

Seller(S) 1

SELLER

Brooks Energy

Denver, Colorado, United States
Category Company
Founded 1992
Sector Energy Services and Equipment
DESCRIPTION

Brooks Energy is a privately held energy, innovation, and precious gas exploration company operating in the industry through its exploration projects in critically scarce precious gases, which aims to help the United States achieve energy and critical resources independence. Brooks Energy was founded in 1992 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (New Mexico) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

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