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New Deal


Announced

Completed

Bazalt-backed Black Bear Transmission completed the acquisition of of Ozark Natural Gas Transmission and Ozark Gas Gathering from Enbridge.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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natural gas gathering

Completed

United States

Pipelines

Friendly

natural gas pipeline

Acquisition

Private

Single Bidder

Majority

Domestic

Private Equity

Synopsis

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Bazalt-backed Black Bear Transmission completed the acquisition of Ozark Gas Transmission, an operator of an interstate natural gas pipeline transportation system, and Ozark Gas Gathering, an operator of a 330-mile natural gas gathering system, from Enbridge, a natural gas distribution company. Financial terms were not disclosed. "This investment expands our asset base of high-quality, demand-driven natural gas pipelines serving utilities and other key end-user customers across the Southeastern United States. We look forward to working with the Ozark operations team to continue providing safe and reliable service to all of the Ozark customers,” Rene Casadaban, Black Bear Transmission CEO.

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