Veresen - M&A Summary, Ownership, and Business Overview

Energy Services And EquipmentCompany

Veresen M&A Summary

Veresen has acquired 1 company of its own. It has also divested 1 asset.

The Company’s most targeted sectors include oil/gas exploration (100%).

Veresen Ownership

Who owns Veresen?

Veresen is owned by Pembina Pipeline. It was acquired on May 1, 2017.

Veresen Business Overview

Where is Veresen headquartered?

Veresen is headquartered in Calgary, Alberta.

What is Veresen’s revenue?

Veresen disclosed revenue of 323M CAD for 2016 and 380M CAD for 2015.

How many employees does Veresen have?

Veresen has 278 employees.

What sector is Veresen in?

Veresen is an energy services and equipment company.

When was Veresen founded?

Veresen was founded in 1997.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity1
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Veresen, Inc.

South Tower Suite 900,
Calgary, Alberta T2P 0B4
Canada,
(403) 296-0140
www.vereseninc.com

Veresen, Inc. owns and operates energy infrastructure assets across North America. Veresen is engaged in three principal businesses: a pipeline transportation business comprised of interests in the Alliance Pipeline, the Ruby Pipeline and the Alberta Ethane Gathering System; a midstream business which includes a partnership interest in Veresen Midstream Limited Partnership, which owns assets in western Canada, and an ownership interest in Aux Sable, which owns a world-class natural gas liquids (NGL) extraction facility near Chicago, and other natural gas and NGL processing energy infrastructure; and a power business comprised of a portfolio of assets in Canada. Veresen is also developing Jordan Cove LNG, a six million tonne per annum natural gas liquefaction facility proposed to be constructed in Coos Bay, Oregon, and the associated Pacific Connector Gas Pipeline. In the normal course of business, Veresen regularly evaluates and pursues acquisition and development opportunities.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
Sell (0.2/yr) # - - - 1 - - 1
  2

Most Recent M&A

Company Date Value Type
Veresen Midstream Limited Partnership 2022-03-01 - Trade Sale
Calgary, Alberta · www.veresenmidstream.com
Veresen Midstream Limited Partnership 2014-12-22 - Joint Venture
Calgary, Alberta · www.veresenmidstream.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 1 (100%) - 1 (100%) -
Total 1 - 1 -

By Geo

State/Country Buy Value Sell Value
Canada 1 - 1 -
  Alberta 1 - 1 -
Total 1 - 1 -

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

323   15% 2016
380   19% 2015
464   5% 2014
488   22% 2013
400   2012
(millions of CAD) Show More Show Less

Employees

278

Established

1997

Former Name

Fort Chicago Energy Partners L.P.

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