Black Hills to buy SourceGas for $1.89 bln
Black Hills Corp. said Sunday that it agreed to buy SourceGas Holdings LLC for $1.89 billion, including $720 million in debt. Alinda Capital Partners and GE Energy Financial Services are the sellers. SourceGas operates four regulated natural gas utilities that serve about 425,000 customers in Arkansas, Colorado, Nebraska and Wyoming and a 512-mile natural gas transmission pipeline in Colorado. Credit Suisse Securities (USA) LLC advised Black Hills while J.P. Morgan was the financial advisor to the sellers.
13 July 2015•6 mins read
