Latham & Watkins Advises Targa Resources Corp. in US$1.25 Billion Acquisition of Stakeholder Midstream

Targa Resources Corp. (NYSE: TRGP) announced a definitive agreement under which it will acquire Stakeholder Midstream, LLC for US$1.25 billion. Stakeholder provides natural gas gathering, treating, and processing services, as well as crude gathering and storage services in the Permian Basin.

Latham & Watkins LLP represented Targa in the transaction with a corporate deal team led by Houston partners Ryan Maierson and James Garrett, with associates John Daywalt, Sam Spiers, Braydon Jones, Harrison Little, Dylan Brown, and Liem-Lucas Nguyen. Advice was also provided on FERC/regulatory matters by Washington, D.C. partner Patrick Nevins; on environment, land and resources matters by Los Angeles/Houston partner Joshua Marnitz, with associate Austin Pierce; on tax matters by Houston partner Jim Cole; on antitrust matters by Washington, D.C. partners Jason Cruise and Peter Todaro, with associates Mary Casale, Seamus Ronan, and Jean Hyun; on benefits matters by Washington, D.C. partner David Della Rocca, with associates Hayden Rutledge, Mary Daniel Morgan, and Heather Jäger; on labor matters by New York counsel Sandra Benjamin, with assistance from Jocelyn Wexler, and Lauren Stark; on real estate matters by San Diego counsel Aaron Friberg; on data privacy and cybersecurity matters by Houston partner Robert Brown, with associate Zac Alpert; on intellectual property matters by associates Andrew Abokhair and Saúl Aguirre-Villarreal; on insurance matters by Los Angeles partner Harrison White, with associate Enrique Covarrubias; on diligence matters by associates Catherine Yao, Monica Calce, Houston counsel James Robertson, New York partner Eric Leon, and associate Sarah Burack; and with assistance on finance matters by Chicago counsel Benjamin Gelfand* , with associate Eugenio Cárdenas.

*Admitted to practice in Texas only