M&A Deal Summary

Dominion Midstream Partners Acquires Questar Pipeline

On October 31, 2016, Dominion Midstream Partners acquired energy services and equipment company Questar Pipeline from Dominion Energy for 1.7B USD

Acquisition Highlights
  • This is Dominion Midstream Partners’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Dominion Midstream Partners’ largest (disclosed) transaction.
  • This is Dominion Midstream Partners’ 3rd transaction in the United States.
  • This is Dominion Midstream Partners’ 1st transaction in Utah.

M&A Deal Summary
Date 2016-10-31
Target Questar Pipeline
Sector Energy Services and Equipment
Buyer(s) Dominion Midstream Partners
Sellers(s) Dominion Energy
Deal Type Divestiture
Deal Value 1.7B USD

Target

Questar Pipeline

Salt Lake City, Utah, United States
website
Questar Pipeline LLC is a provider of natural gas transportation and underground-storage services in Utah, Wyoming, and Colorado. The company operates 2,667 miles of natural gas transportation pipelines that interconnect with other pipelines, including 10 miles of owned by a third party.

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Buyer(S) 1

Buyer

Dominion Midstream Partners

Richmond, Virginia, United States

website

Category Company
Founded 2000
Sector Oil/Gas Exploration
Revenue 480M USD (2017)
DESCRIPTION

Dominion Midstream Partners LP is a pipeline transportation of natural gas company focused on providing oil and gas exploration services. Dominion Midstream Partners was formed in 2000 and is based in Richmond, Virginia.

DEAL STATS #
Overall 3 of 3
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 2 of 2
State (Utah) 1 of 1
Country (United States) 3 of 3
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-29 Iroquois Gas Transmission System

Shelton, Connecticut, United States

Iroquois Gas Transmission System LP is a provider of oil and gas exploration services.

Buy -

Seller(S) 1

SELLER

Dominion Energy

Richmond, Virginia, United States

website

Category Company
Founded 1983
Sector Utilities
Employees17,200
Revenue 17.2B USD (2022)
DESCRIPTION
Dominion's corporate headquarters in downtown Richmond, Virginia.
Dominion's corporate headquarters in downtown Richmond, Virginia.

Dominion Energy is a producer and transporter of energy, with a portfolio of approximately 25,700 megawatts of electric generation, 15,000 miles of natural gas transmission, gathering, storage, and distribution pipeline, and 6,600 miles of electric transmission and distribution lines. Dominion Energy was founded in 1983 and is based in Richmond, Virginia.

DEAL STATS #
Overall 8 of 11
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 8 of 11
State (Utah) 1 of 1
Country (United States) 8 of 11
Year (2016) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Questar

Salt Lake City, Utah, United States

Questar Corporation is an integrated natural gas company that develops, produces and delivers clean energy in the heart of the Rockies.

Buy $4.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-12 Solar Frontier Americas - 40 MW Solar Power Project

Santa Clara, California, United States

Solar Frontier Americas, Inc. - 40 MW Solar Power Project located in the Imperial County of California, is constructed with approximately 242,000 Solar Frontier advanced CIS solar modules mounted on NEXTracker’s high performance single-axis solar trackers. The project has a 25-year power purchase agreement (PPA) with the Imperial Irrigation District (the third largest public power utility in California serving the Imperial Valley) for the electricity produced by the plant.

Buy -
Mergr

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