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New Deal


Announced

Completed

Zenith Energy completed the acquisition of three interconnected west coast terminals from Plains All American Pipeline.

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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Acquisition

United States

Single Bidder

Majority

Friendly

gas pipelines

Domestic

Pipelines

Private

Completed

Synopsis

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Zenith Energy, a midstream asset operator, completed the acquisition of three interconnected west coast terminals from Plains All American Pipeline, an operator of midstream energy infrastructure. Financial terms were not disclosed. "Zenith is excited to be entering the Los Angeles market with these strategic assets, which can efficiently supply California's current energy needs with great flexibility to play a part in the future low-carbon energy landscape," Jeff Armstrong, Zenith President and Chief Executive Officer.

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