Acquisition of Trailblazer Pipeline Company LLC

Energy
Acquisition of Trailblazer Pipeline Company LLC

Summary

Baird served as financial advisor and provided a fairness opinion to the Conflicts Committee of the Board of Directors of Tallgrass MLP GP, LLC

About

Tallgrass Energy Partners, LP ("TEP” or the “Partnership") (NYSE: TEP) recently announced the acquisition of Trailblazer Pipeline Company LLC (“Trailblazer”) from a wholly owned subsidiary of Tallgrass Development, LP for approximately $164 million.

Trailblazer is an approximately 436-mile pipeline system that begins along the border of Wyoming and Colorado and extends to Beatrice, Nebraska with a maximum capacity of 862 MMcf/day, the substantial majority of which is subscribed under firm transportation contracts. Trailblazer recently completed construction of the Redtail lateral on the west end of the system, which added 40 MMcf/day of firm transportation from a major producer in the region for a period of 10 years.

TEP is a growth-oriented limited partnership formed to own, operate, acquire and develop midstream energy assets in North America. The Partnership provides natural gas transportation and storage services for customers in the Rocky Mountain and Midwest regions of the United States through its Tallgrass Interstate Gas Transmission system and provides processing services for customers in Wyoming through its Casper and Douglas natural gas processing and West Frenchie Draw natural gas treating facilities. TEP is headquartered in Overland Park, Kansas.

For additional information about this transaction, please contact:

Curtis Goot (314) 445-6540
Frank Murphy (314) 445-6532
Jim Penilla (314) 445-6536
Energy
Acquisition of Trailblazer Pipeline Company LLC
Date
April 2014
Company
Tallgrass Energy Partners, LP
Transaction
M&A
Sectors
Energy
Target Location
North America
Acquiror Location
North America

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