M&A Deal Summary

Enbridge Acquires Tri Global Energy

On September 29, 2022, Enbridge acquired renewable energy company Tri Global Energy for 270M USD

Acquisition Highlights
  • This is Enbridge’s 3rd transaction in the Renewable Energy sector.
  • This is Enbridge’s 4th largest (disclosed) transaction.
  • This is Enbridge’s 8th transaction in the United States.
  • This is Enbridge’s 6th transaction in Texas.

M&A Deal Summary
Date 2022-09-29
Target Tri Global Energy
Sector Renewable Energy
Buyer(s) Enbridge
Deal Type Add-on Acquisition
Deal Value 270M USD

Target

Tri Global Energy

Dallas, Texas, United States
website
Tri Global Energy is a renewable energy developer drawing on the natural, renewable resources of the wind and the sun to successfully address the growing demand for clean and sustainable energy. Tri Global Energy is a developer and a manager of Hale County Wind Farm, Cotton Wind Farms, Lakeview Wind Farms, and East Mound Renewable Energy. Tri Global Energy was founded in 2009 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Enbridge

Calgary, Alberta, Canada

website

Category Company
Founded 1949
Sector Energy Services and Equipment
Employees11,100
Revenue 53.3B CAD (2022)
DESCRIPTION
Enbridge office in West Duluth, Minnesota.
Enbridge office in West Duluth, Minnesota.

Enbridge operates a US and Canadian crude oil and liquid transportation network. Enbridge was incorporated in 1949 and is based in Calgary, Canada.

DEAL STATS #
Overall 12 of 13
Sector (Renewable Energy) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Texas) 6 of 6
Country (United States) 8 of 9
Year (2022) 2 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Smartpipe Technologies

Houston, Texas, United States

Smartpipe Technologies is a technology company delivering the largest diameter, patented, state-of-the-art non-metallic pipeline systems for the energy industry. Smartpipe's embedded real-time fiber-optic monitoring and multi-sensor inline inspection systems. Smartpipe Technologies is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 Dominion East Ohio

Cleveland, Ohio, United States

Dominion East Ohio which serves more than 1.2 million customers across more than 400 communities and 27 counties in Ohio. Dominion East Ohio is based in Cleveland, Ohio.

Buy -
Mergr

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