Crestwood is being formed by Robert Phillips, the former president, CEO and director of Enterprise Products Partners. Mr Phillips will be joined at Crestwood by Keith Forman, Terry Morrison and Neel Pinge, leaders in their respective fields with over 84 years of combined industry experience.

Danny Weingeist, senior managing director of Kayne Anderson, said: We are very pleased to announce the formation of Crestwood Midstream Partners. We believe Crestwood brings together one of the most experienced, savvy and highly accomplished teams in the midstream industry.

Crestwood’s well-rounded team is in an excellent position to capitalize on investment opportunities available in a sector of the energy industry poised for significant near-term growth.