.
MergerLinks Header Logo

New Deal


Announced

Buckeye Partners and Nala Renewables to acquire a majority stake in Swift Current Energy.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Domestic

Alternative Fuels

renewable energy

Friendly

Majority

Pending

United States

Acquisition

Private

Private Equity

Synopsis

Edit

Buckeye Partners, an independent pipeline common carrier of refined petroleum products, and Nala Renewables, an operator of an energy investment company, agreed to acquire a majority stake in Swift Current Energy, a partner-owned renewable energy company. Financial terms were not disclosed. “This strategic partnership offers an exciting opportunity to further advance critical renewable energy generation and storage development projects across the United States while growing this platform. Through this investment and other renewable developments that align our business with the ongoing energy transition, we are positioning Buckeye to better serve our customers’ needs while improving the business’s long-term resiliency. We look forward to leveraging Buckeye’s resources to further strengthen and build the Swift Current platform to scale,"Clark C. Smith, Buckeye President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US