Announced
Completed
Financials
Tags
natural gas gathering
Completed
United States
Pipelines
Friendly
natural gas pipeline
Acquisition
Private
Single Bidder
Majority
Domestic
Private Equity
Synopsis
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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