Announced
Completed
Financials
Tags
United States
natural gas distribution
Private
Gas Distribution
Completed
Acquisition
Friendly
gas utilities
Majority
Single Bidder
Synopsis
Liberty Utilities, a subsidiary of Algonquin Power & Utilities, a diversified utility distribution firm completed the acquisition of Enbridge St. Lawrence Gas, a gas distributor, and a subsidiary of utility firm Enbridge for $70m. Enbridge St. Lawrence Gas is a regulated utility that provides natural gas to over 16k customers in 23 communities across northern New York State and operates approximately 688 miles of natural gas distribution pipeline. "We are pleased to welcome the employees and customers of St. Lawrence Gas to the Liberty Utilities family. St. Lawrence Gas represents a new avenue for future investment as we look forward to serving the area with clean, affordable natural gas for their homes and businesses." Ian Robertson, APUC CEO.
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