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New Deal


Announced

Enbridge to acquire Tres Palacios Gas Storage from Crestwood and Brookfield for $335m.

Financials

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Transaction Value£278m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

gas storage

Single Bidder

Majority

United States

Storage Terminals

Private Equity

Acquisition

Infrastructure

Pending

Private

Friendly

Synopsis

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Enbridge, a Canadian pipeline operator, agreed to acquire Tres Palacios Gas Storage from Crestwood, a private equity investor focusing on the areas of energy and renewable energy, and Brookfield, a Canadian multinational company, for $335m. The transaction is expected to close in the second quarter 2023 subject to customary regulatory approvals.

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