Stonepeak to acquire Teekay LNG Partners for $6.2bn.

Stonepeak Infrastructure Partners, a private equity firm, agreed to acquire Teekay LNG Partners, a marine transportation company, for $6.2bn. “Stonepeak has long recognized the growing global demand for LNG and importance of natural gas as a bridge fuel, particularly as the world continues to shift toward cleaner sources of energy. Through this transaction, we have an exciting opportunity to invest in a critical energy transition infrastructure business in the form of Teekay LNG’s high-quality, modern fleet of vessels and stable long-term customer contracts. We are particularly excited to partner with Teekay LNG’s best-in-class management team to bring cheaper, cleaner, more reliable energy supply to all parts of the world, especially in Asia where we have been active investors in the ongoing shift to cleaner fuels and renewables," James Wyper, Stonepeak Senior Managing Director.