The acquisition of Tallgrass Energy LP (TGE) by Blackstone Infrastructure Partners together with affiliates of Enagas, GIC, NPS and USS, has been completed, ending the stock market listing of TGE.

In the merger transaction Blackstone Infrastructure Partners, together with affiliates of Enagas, GIC, NPS and USS, will acquire all of the outstanding Class A shares of TGE held by the public for $22.45 in cash per Class A share.

Tallgrass Energy LP last raised its quarterly distribution by 1.9 percent to $0.55 per share in 2019 and had increased its quarterly distribution for 4 consecutive years.

Tallgrass Energy, LP is a growth-oriented midstream energy infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nation’s most prolific crude oil and natural gas basins. The company has paid a dividend every year since 2015.