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New Deal


Announced

Completed

EverWind Fuels completed the acquisition of a terminal in Nova Scotia from NuStar Energy for $60m.

Financials

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Transaction Value£44m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

storage terminals

Private

Infrastructure

Friendly

Canada

Storage Terminals

Single Bidder

Majority

Acquisition

Completed

Synopsis

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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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