Blackstone Infrastructure Partners Acquires Controlling Interest in Tallgrass Energy

Blackstone Infrastructure Partners has closed the purchase of a controlling interest in Tallgrass Energy, a midstream energy infrastructure company, for approximately $3.2 billion. This acquisition includes 100 percent of the membership interests in Tallgrass Energy's general partner and an approximately 44 percent economic interest in the company. GIC and Enagás are minority investors in the transaction, highlighting the strategic importance of Tallgrass Energy's assets across 11 states, serving prolific crude oil and natural gas basins.

Counterparts (6)

Investor

GIC

company · 3 deals

GIC is a global long-term investor established in 1981 to manage Singapore’s foreign reserves. They are invested in more than 40 countries worldwide with a mandate to preserve and enhance Singapore's international purchasing power over the long term.

Enagás

company

Enagás is a Spanish natural gas transmission system operator and Technical Manager of the System (TMS). They are involved in the development, operation, and maintenance of gas infrastructure.

Seller

K

Kelso & Company

company

T

Tallgrass Energy, LP

company

T

Tallgrass KC, LLC

company

Buyer

Blackstone

company · 6 deals

Blackstone is the world's largest alternative asset manager, serving institutional and individual investors by building strong businesses that deliver lasting value. They invest in dynamic sectors positioned for long-term growth, leveraging their scale and operational expertise to drive transformation and create value.