Crestwood Equity Partners Completes Sale of Tres Palacios to Crestwood Midstream Partners and Brookfield Infrastructure

HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE:CEQP) (“Crestwood Equity”) and Crestwood Midstream Partners LP (NYSE:CMLP) (“Crestwood Midstream,” and together with Crestwood Equity, “Crestwood”) announced today that Crestwood Equity has completed the previously announced sale of Tres Palacios Gas Storage LLC (“Tres Palacios”) to the newly formed joint venture between Crestwood Midstream and an affiliate of Brookfield Infrastructure Group (“Brookfield Infrastructure”) for total cash consideration of $130 million. Crestwood Midstream will own 50.01% of Tres Palacios Holdings LLC (“TPH LLC”) and will be the operator of Tres Palacios and its assets.