A Locke Lord team of Bill Swanstrom, David Taylor and Michelle Earley provided legal counsel for the Conflicts Committee of Crestwood Equity Partners LP in the merger of Crestwood Equity Partners with Crestwood Midstream Partners LP into a single publicly-traded partnership on May 6, 2015. Crestwood Equity purchased Crestwood Midstream, for $3.5 billion. The merger has an enterprise value of $7.5 billion and enhanced value for the energy company including stability and growth in distributions, a simplified and unified corporate structure and strategy, and savings of nearly $5 million in reductions of administrative costs. The merger was covered by Reuters and Law360.
Posted May 8, 2015.