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New Deal


Announced

CorEnergy to acquire Crimson Midstream Holdings for $350m.

Financials

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Transaction Value£256m
Consideration TypeCash, Loan Notes, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Pipelines

Domestic

Acquisition

pipeline assets

Private

Pending

Majority

United States

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Synopsis

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CorEnergy, a real estate investment trust company, agreed to acquire Crimson Midstream Holdings, a crude oil pipeline owner and operator, for $350m. "Our combined ability to pursue additional opportunities leveraging Crimson’s oil market relationships, together with CorEnergy’s natural gas transmission assets, establishes a diversified foundation for future acquisition consideration," John Grier, Crimson Midstream Founder.

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