Bloomberg reported that Black Hills agreed to buy energy company SourceGas Holdings for $1.89 billion from investment funds managed by General Electric and Alinda Capital Partners.
GE’s energy financial-services division and Alinda bought SourceGas in 2007 from Kinder Morgan, Bloomberg noted.
Bloomberg said the acquisition, expected to close in the first half of 2016, is supported by a bridge facility provided by Credit Suisse Group AG.
Access the full Bloomberg report here.