Enbridge - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Enbridge M&A Summary

Enbridge has acquired 13 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 4 different US states, and 4 countries. The Company’s most targeted sectors include energy services and equipment (54%) and oil/gas exploration (24%).

Enbridge Business Overview

Where is Enbridge headquartered?

Enbridge is headquartered in Calgary, Alberta.

What is Enbridge’s revenue?

Enbridge disclosed revenue of 53,309M CAD for 2022 and 47,071M CAD for 2021.

How many employees does Enbridge have?

Enbridge has 11,100 employees.

What sector is Enbridge in?

Enbridge is an energy services and equipment company.

When was Enbridge founded?

Enbridge was founded in 1949.

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 ≤ '19 '20 '21 '22 '23 '24 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
CIBC Capital Markets
1
Barclays Investment Bank
1
Legal Deals
Eversheds LLP
1
Sidley
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%)

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