Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
NGL Energy Partners LP
Merger with High Sierra Energy
Baird served as financial advisor to NGL Energy Partners LP
NGL Energy Partners LP (NYSE: NGL) (“NGL”) recently announced the completion of its merger with High Sierra Energy LP and High Sierra Energy GP, LLC (together “HSE”). The aggregate merger consideration was $693 million.
NGL is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with four operating segments: oil and gas water recycling and treatment, midstream, wholesale supply and marketing, and retail propane and heating oil. NGL is headquartered in Tulsa, Oklahoma.
HSE is a midstream energy partnership based in Denver, Colorado. HSE operates in three core business segments: the rapidly growing disposal, recycling and treatment of oil and gas flowback and produced water; crude oil gathering and transportation; and natural gas liquids transportation and marketing.