Announced
Financials
Tags
Cross Border
gas storage
Single Bidder
Majority
United States
Storage Terminals
Private Equity
Acquisition
Infrastructure
Pending
Private
Friendly
Synopsis
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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