Tallgrass Energy Partners closes on $3.3B acquisition

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Tallgrass Energy Partners LP has closed on its $3.3 billion acquisition of assets from Kinder Morgan Energy Partners L.P.

The deal, which had to be approved by the Federal Trade Commission closed Tuesday.

Overland Park-based Tallgrass paid $1.8 billion in cash to acquire Kinder Morgan Interstate Gas Transmission; Trailblazer Pipeline Co.; the Casper-Douglas natural gas processing and West Frenchie Draw treating facilities in Wyoming; and a 50 percent stake in the Rockies Express Pipeline. Including the debt assumed from the Rockies Express Pipeline, the deal is valued at $3.3 billion.

Read more St. Louis Post-Dispatch.

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