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New Deal


Announced

Completed

Southwest Gas completed the acquisition of Questar Pipeline from Dominion Energy for $1.98bn.

Financials

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Transaction Value£1,458m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Oil Equipment and Services

Single Bidder

Friendly

United States

Acquisition

Private

energy storage

Domestic

Completed

Synopsis

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Southwest Gas, an energy holding company, completed the acquisition of Questar Pipeline, a FERC-regulated, long-term contracted, transportation and underground storage assets operator, from Dominion Energy, a firm that engages in the provision of electricity and natural gas, for $1.98bn. "We are pleased with the result of our sale process for these high-quality assets. This transaction represents another significant step in our evolution as a company, allowing us to focus even more on fulfilling the energy needs of our utility customers and continuing growth of our clean-energy portfolio, including development of the largest offshore wind farm in North America," Robert M. Blue, Dominion Energy Chair, President & CEO.

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