Announced
Completed
Financials
Tags
Domestic
storage terminals
Private
Infrastructure
Friendly
Canada
Storage Terminals
Single Bidder
Majority
Acquisition
Completed
Synopsis
EverWind Fuels, a private developer of green hydrogen and ammonia production, storage facilities and associated transportation assets, completed the acquisition of a terminal in Nova Scotia from NuStar Energy, a publicly traded master limited partnership, for $60m. "This divestiture, at an attractive valuation in line with prior transactions, is yet another step in our strategic plan to continue optimizing our business, building our financial flexibility and strengthening our balance sheet," Brad Barron, NuStar President and CEO.
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