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Southcross, TexStar merge in $450M deal

Jun 12, 2014 - The Deal Pipeline
Mergers and Acquisitions

Two private equity-backed energy firms are set to combine assets in a deal that the companies said would create a midstream powerhouse serving the Eagle Ford region of south Texas.

Southcross Energy LLC, parent of Southcross Energy Partners LP, has entered into a definitive agreement to combine with TexStar Midstream Services LP in a deal that would value a collection of TexStar assets at about $450 million. Terms call for newly formed Southcross Holdings LP to own equity interests in Sou...