Targa Resources Corp. (NYSE:TRGP) agreed to acquire Southcross Energy Operating, LLC from Southcross Energy Partners, L.P. for approximately $200 million on March 17, 2022. The acquisition is expected to close in the second quarter of 2022 following customary closing conditions. Wells Fargo Securities, LLC is serving as Targa's financial advisor and Winston & Strawn LLP is acting as Targa's legal counsel on the transaction. Sarah McLean, Todd Lowther, and Ben Gris of Shearman & Sterling LLP acted as a legal advisor to Southcross Energy Partners, L.P. Latham & Watkins LLP acted as legal advisor to Targa Resources Corp.

Targa Resources Corp. (NYSE:TRGP) completed the acquisition of Southcross Energy Operating, LLC from Southcross Energy Partners, L.P. on April 21, 2022. The purchase price of $201.9 million is subject to customary closing adjustments.