M&A
confidence high
sentiment positive
materiality 0.75
WES closes $1.6B Brazos Delaware acquisition with cash and unit consideration
Western Midstream Partners, LP
- Acquired Brazos Delaware II, LLC for ~$1.6B: ~$800M cash + ~19.4M common units valued at ~$800M.
- Expands gathering/processing footprint in the Delaware Basin; transaction is accretive to per-unit metrics.
- Seller received six-month lock-up on common units and customary registration rights for resale.
- Deal protects WES's balance sheet and investment-grade credit ratings, funded by cash and equity.