Enbridge Mergers and Acquisitions Summary

Energy Services And EquipmentCompany

Enbridge has acquired 13 companies, including 7 in the last 5 years. It has also divested 5 assets.

Enbridge’s largest acquisition to date was in 2018, when it acquired Spectra Energy for $3.3B. It’s largest disclosed sale occurred in 2018, when it sold Enbridge - Western Canadian Midstream Business to Brookfield Infrastructure Partners for $3.3B. Enbridge has acquired in 4 different US states, and 4 countries. The Company’s most targeted sectors include energy services and equipment (54%) and oil/gas exploration (24%).

Join Mergr and gain access to Enbridge’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity13
    • M&A Sell Activity5
  • Total Sectors Invested 3
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 12
  • M&A Advisors 4

Enbridge

Enbridge, Inc.

200, Fifth Avenue Place 425 - 1st Street SW,
Calgary, Alberta T2P 3L8
Canada,
(403) 231-3900
www.enbridge.com

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


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (1.0/yr) # 8 - 1 1 2 1 13
vol $4.0B $15M $3.0B $270M $7.3B
Sell (0.4/yr) # 3 - 2 - - - 5
vol $4.8B $4.8B
  18

Most Recent M&A

Company Date Value Type
The East Ohio Gas Co. 2023-09-05 - Divestiture
Cleveland, Ohio · www.dominiongaschoice.com
Tri Global Energy LLC 2022-09-29 270M USD Add-on Acquisition
Dallas, Texas · www.triglobalenergy.com
Smartpipe Technologies, Inc. 2022-05-03 - Stake Purchase
Houston, Texas · www.smart-pipe.com
Moda Ingleside Energy Center 2021-09-07 3.0B USD Divestiture
Ingleside, Texas
Éolien Maritime France SAS 2020-05-12 - Stake Sale
Paris, France
Ozark Gas Transmission LLC 2020-04-01 - Divestiture
Fort Smith, Arkansas
Rio Bravo Pipeline Co., LLC 2020-02-13 15M USD Divestiture
Houston, Texas
Enbridge Energy Partners LP 2018-12-17 - Merger
Houston, Texas · www.enbridgepartners.com
Spectra Energy Corp. 2018-08-24 3.3B USD Add-on Acquisition
Houston, Texas · www.spectraenergy.com
Midcoast Operating, L.P. 2018-08-01 1.1B USD Divestiture
Houston, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 7 (54%) 6.3B (86%) 4 (80%) 4.8B (100%)
Renewable Energy 3 (23%) 470M (6%) 1 (20%) -
Oil/Gas Exploration 3 (23%) 538M (7%) - -
Total 13 $7.3B 5 $4.8B

By Geo

State/Country Buy Value Sell Value
United States 9 6.8B 2 1.1B
  Texas 6 6.6B 1 1.1B
  West Virginia 1 200M - -
  Ohio 1 - - -
  Arkansas - - 1 -
Canada 2 538M 1 3.3B
  Ontario 1 - - -
  British Columbia 1 538M - -
  Alberta - - 1 3.3B
Colombia 1 - 1 418M
France 1 - 1 -
Domestic 2 (15%) 538M (7%) 1 (20%) 3.3B (68%)
Cross-border 11 (85%) 6.8B (93%) 4 (80%) 1.5B (32%)
Total 13 $7.3B 5 $4.8B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
CIBC Capital Markets
1
Legal Deals
Eversheds LLP
1
Sidley Austin LLP
1

Deal Values

buy # Total
> $1B 2 $6.3B
$100M to $1B 3 $1.0B
< $100M 1 $15M
TOTAL $7.3B
Largest Spectra Energy Corp.
$3.3B (2018-08-24)
sell # Total
> $1B 2 $4.4B
$100M to $1B 1 $418M
TOTAL $4.8B
Largest Enbridge, Inc. - Western Canadian Midstream Business
$3.3B (2018-07-04)

M&A Connections

Deals
Acquired from
Strategic(s)
46%
6 (46%)
Divested to
Investor(s)
60%
3 (60%)
Strategic(s)
60%
3 (60%)

 Subscribe to unlock this and 196,870
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 187K M&A Transactions
  • 192K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.5K M&A Advisors
    (Investment Banks and Law Firms)
  • 74K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.