Announced
Completed
Financials
Tags
natural gas pipeline
Oil Equipment and Services
Private
Friendly
United States
Domestic
Majority
Acquisition
Single Bidder
Completed
Synopsis
Williams, a firm providing infrastructure that safely delivers natural gas products, completed the acquisition of MountainWest Pipelines, an operator of natural gas pipeline systems, from Southwest Gas, a firm engaged in the business of purchasing, distributing, and transporting natural gas, for $1.5bn. “Our natural gas focused strategy is anchored in having the right assets in the right places to serve our nation’s growing demand for clean, affordable and abundant natural gas. This acquisition enhances our position in the western U.S. and is complementary to our current footprint, providing us with infrastructure for natural gas deliveries across key demand markets. With the acquisition now complete, we look forward to welcoming MountainWest employees to Williams and bringing value to our shareholders by delivering safe and reliable services to both Williams and MountainWest customers as we increase the utilization of our existing large scale platforms,” Alan Armstrong, Williams President and CEO.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.