Bringing it all together for:
Pictured on right: Robert Jones [left] and Robert Pacha [right]. Merrill Lynch Global Energy & Power Group Merrill Lynch has an exceptional understanding of our industry and company. This was a complicated deal with a lot of moving parts - Merrill Lynch did a great job bringing the pieces together to transform our organization. --Rene Joyce, Chief Executive Officer, Targa Resources Inc.
  • Expert industry knowledge
  • Detailed understanding of the client's business interests
  • ML Commodities hedging expertise
  • Seamless coordination of diverse capabilities

Rene Joyce, CEO of Targa Resources Inc., had a vision of transforming the small, privately held business into an industry leader. Rob Pacha and the Merrill Lynch Global Energy & Power Group delivered a winning solution. Executing the year's largest transaction in the natural gas midstream sector — the area focused on gathering, processing and marketing natural gas and gas liquids — we helped Targa complete a $2.4 billion acquisition of Dynegy Midstream Services. With natural gas and natural gas liquid prices constantly fluctuating, midstream acquisitions can be challenging. Merrill Lynch Commodities Inc. (MLCI) mitigated Targa's risk through a variety of innovative hedges that stabilized their expected cash flows. In a collaborative effort that included Merrill Lynch's advisory, capital markets and commodity hedging capabilities, along with our own equity, we anticipated and met the needs of our client, proving the right partner isn't just a commodity.

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