Crestwood Holdings to implement unit purchase program

Crestwood Holdings Partners LLC plans to implement a unit purchase program of up to $100 million of the limited partner common units of Crestwood Equity Partners LP (NYSE: CEQP) (CEQP) in a move of continued confidence in CEQP’s long-term outlook.

Crestwood Holdings is wholly owned by Crestwood Management and First Reserve, the global private equity and infrastructure investment firm exclusively focused on energy, and is the indirect controlling member of the general partner of CEQP.

The unit purchases will be effected by FR Crestwood Management Co-Investment LLC, a wholly owned subsidiary of Crestwood Holdings, and are expected to commence the week of Dec. 7. Units may be purchased under the program in open market transactions, in privately negotiated transactions or otherwise.



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