Enbridge Mergers and Acquisitions Summary

Energy Services And EquipmentCompany

Enbridge has acquired 11 companies, including 5 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 3 different US states, and 4 countries. The Company’s most targeted sectors include energy services and equipment (64%) and oil/gas exploration (19%).

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 Activity16
    • M&A Buy Activity11
    • M&A Sell Activity5
  • Total Sectors Invested 3
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 11
  • M&A Advisors 2

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 founded in 1949 and is based in Calgary, Canada.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.0/yr) # 6 2 - 1 1 1 11
vol $738M $3.3B $15M $3.0B $7.1B
Sell (0.8/yr) # 1 2 - 2 - - 5
vol $418M $4.4B $4.8B
  16

Most Recent M&A

Company Date Value Type
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 Purchase
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
Enbridge, Inc. - Western Canadian Midstream Business 2018-07-04 3.3B CAD Divestiture
Calgary, Alberta
Éolien Maritime France SAS 2016-05-10 - Stake Purchase
Paris, France
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 7 (64%) 6.3B (90%) 4 (80%) 4.8B (100%)
Renewable Energy 2 (18%) 200M (3%) 1 (20%) -
Oil/Gas Exploration 2 (18%) 538M (8%) - -
Total 11 $7.1B 5 $4.8B

By Geo

State/Country Buy Value Sell Value
United States 7 6.5B 2 1.1B
  Texas 5 6.3B 1 1.1B
  West Virginia 1 200M - -
  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 (18%) 538M (8%) 1 (20%) 3.3B (68%)
Cross-border 9 (82%) 6.5B (92%) 4 (80%) 1.5B (32%)
Total 11 $7.1B 5 $4.8B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
Legal Deals
Sidley Austin LLP
1

Deal Values

buy # Total
> $1B 2 $6.3B
$100M to $1B 2 $738M
< $100M 1 $15M
TOTAL $7.1B
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)
45%
5 (45%)
Divested to
Investor(s)
40%
2 (40%)
Strategic(s)
80%
4 (80%)

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