Company

Southcross Energy Partners, L.P.

Southcross Energy Partners, based in Dallas, transports and processes natural gas and was acquired by Targa Resources in 2022.

About

Founded in 2009 and headquartered in Dallas, US, Southcross Energy Partners, L.P. provides natural gas transportation and processing services to producers and marketers. The company filed for Chapter 11 bankruptcy in April 2019. Targa Resources agreed in March 2022 to acquire it for USD 200 mn, completing the deal in April 2022. CEO James Lee and Patrick Giroir lead the firm, which has completed 7 deals in total. In 2018 it reported revenue of USD 618.13 mn and EBITDA of USD -375.56 mn.

4Funding rounds

4Investors

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