Deal snapshot: USA COMPRESSION CLOSES ACQUISITION OF ENERGY TRANSFER PARTNERS' COMPRESSION BUSINESS.

MANews-(C)2009-2018

Texas, US-based compression services provider USA Compression Partners, LP (NYSE: USAC) has closed the acquisition of the compression business of US-based oil and gas companies Energy Transfer Partners, LP (NYSE: ETP) and Energy Transfer Equity, KP (NYSE: ETE) in a deal valued at approximately USD 1.8bn, the company said.

The transaction provides for the acquisition of ETP subsidiaries CDM Resource Management LLC and CDM Environmental and Technical Services LLC by USAC, and the cancellation of the incentive distribution rights in USAC and conversion of the general partner interest in USAC into a non-economic general partner interest.

Country: USA

Sector: Petroleum/Natural Gas/Coal

Target: CDM Resource...

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