Akin Gump Advises Conflicts Committee of Crestwood Equity Partners Board of Directors in Strategic Transaction with Crestwood Holdings

March 25, 2021

Reading Time : 1 min

Contact:

Jacinta O'Shea-Ramdeholl

Director of Communications

Scott Wasserman

Senior Media Relations Manager

(Houston) – Crestwood Equity Partners LP (Crestwood) today announced that it and Crestwood Holdings LLC have executed a series of definitive agreements whereby Crestwood will acquire approximately 11.5 million common units and the general partner interest from Crestwood Holdings for total consideration of approximately $268 million. The transaction provides First Reserve a complete exit from its investment in Crestwood.

A team from Akin Gump advised the conflicts committee of Crestwood’s board of directors in the transaction.

To learn more, please click here.

The Akin Gump team was led by corporate partners Lisa Hearn and John Goodgame. They were joined by fellow corporate partner Chip Cowell, associates Allyson Li and Alan Sanchez, and tax partner Jocelyn Tau.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East.

# # #

Share This Insight

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.