Ferrellgas Partners LP completed the closing of its acquisition of Bridger Logistics for about $562.5 million in cash and 11.2 million Ferrellgas common units, the company said June 24.
On June 1, Ferrellgas entered a definitive purchase and sale agreement for Dallas-based Bridger, a crude oil-focused midstream company, a June 2 report on A-D Center said.
Ferrellgas agreed to pay Bridger $837.5 million in the 13th-largest midstream transaction since January, the earlier report added. Ferrellgas Finance Corp. also offered $400 million in senior unsecured notes in a private placement.
Bridger operates across major U.S. shale plays and is backed by Riverstone Holdings LLC, the earlier report said.
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