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Announced

I Squared, MPLX, and Enbridge to acquire a majority stake in Matterhorn Express Pipeline.

Synopsis

I Squared, an infrastructure investment firm, MPLX, a midstream company, and Enbridge, a pipeline operator, agreed to acquire a majority stake in Matterhorn Express Pipeline, a gas pipeline. Financial terms were not disclosed. Following the close of the transaction, WhiteWater, MPLX and Enbridge will own 65%, 10% and 10% of the Matterhorn Express Pipeline, respectively. WhiteWater's equity interest in the Matterhorn Express Pipeline will be jointly backed by FIC and I Squared, and WhiteWater will continue to operate the Matterhorn Express Pipeline.

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