M&A Deal Summary

Brookfield Acquires Enbridge - Western Canadian Midstream Business

On July 4, 2018, Brookfield acquired energy services and equipment company Enbridge - Western Canadian Midstream Business from Enbridge for 4.3B CAD

Acquisition Highlights
  • This is Brookfield’s 1st transaction in the Energy Services and Equipment sector.
  • This is Brookfield’s 3rd largest (disclosed) transaction.
  • This is Brookfield’s 1st transaction in Canada.
  • This is Brookfield’s 1st transaction in Alberta.

M&A Deal Summary
Date 2018-07-04
Target Enbridge - Western Canadian Midstream Business
Sector Energy Services and Equipment
Buyer(s) Brookfield
Sellers(s) Enbridge
Deal Type Divestiture
Deal Value 4.3B CAD

Target

Enbridge - Western Canadian Midstream Business

Calgary, Alberta, Canada
Enbridge, Inc. - Western Canadian Midstream Business includes 19 natural gas processing facilities with total operating processing capacity of 3.3 Bcf/d and 3,550 kilometers of gathering pipelines, with connectivity to major demand markets including the U.S. Pacific Northwest, U.S. Midwest and Western Canada.

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Buyer(S) 1

Buyer

Brookfield

Hamilton, Bermuda

website

Category Company
Founded 2007
Sector Utilities
Revenue 8.9B USD (2020)
DESCRIPTION

Brookfield operates long life, high quality infrastructure assets with high barriers to entry and low maintenance capital requirements that generate stable and growing cash flows. Brookfield was founded in 2007 and is based in Toronto, Canada.

DEAL STATS #
Overall 2 of 7
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 2
State (Alberta) 1 of 2
Country (Canada) 1 of 3
Year (2018) 1 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-29 Brookfield Infrastructure - Great Lakes Power Electricity Transmission Business

United States

Brookfield Infrastructure - Great Lakes Power Electricity Transmission Business is a provider of power utilities services.

Sell $222M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Enercare

Toronto, Ontario, Canada

Enercare, Inc. is a provider of home and commercial services and energy solutions. Enercare provides water heaters, furnaces, air conditioners and other HVAC rental products, plumbing services, protection plans, and related services to more than 1.2 million residential and commercial customers. Enercare Inc. was founded in 2002 and is headquartered in Markham, Canada.

Buy CA$4.3B

Seller(S) 1

SELLER

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 2 of 5
Sector (Energy Services and Equipment) 2 of 4
Type (Divestiture) 2 of 4
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-10 Éolien Maritime France SAS

Paris, France

Éolien Maritime France SAS is a French offshore wind development company with three large-scale offshore wind farms off the coast of France that would produce a combined 1,428 megawatts (MW) of power.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Midcoast Operating

Houston, Texas, United States

Midcoast Operating, L.P. consists of three large, legacy gathering and processing systems in Texas and Oklahoma, a long-haul NGL transmission system delivering NGLs from multiple supply areas (including the DJ and Permian basins) to Mont Belvieu, Texas, and a marketing and logistics business.

Sell $1.1B
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