Crestwood Equity Partners LP has closed a previously announced series of transactions that include the acquisition of Permian Basin-focused Sendero Midstream Partners LP for $600 million.

Crestwood also acquired the remaining 50% stake held by private equity firm First Reserve in Crestwood Permian Basin Holdings LLC (CPJV) for 11.3 million Crestwood shares valued at $320 million, and the assumption of $75 million in debt.

Crestwood also completed the divestiture of its Barnett Shale assets for $275 million in cash.

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Through the deals, Crestwood has...