M&A Deal Summary

Inter Pipeline Acquires Simon Storage

On September 25, 2005, Inter Pipeline acquired energy services and equipment company Simon Storage from Fortress for 120M GBP

Acquisition Highlights
  • This is Inter Pipeline’s 1st transaction in the Energy Services and Equipment sector.
  • This is Inter Pipeline’s 0th largest (disclosed) transaction.
  • This is Inter Pipeline’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2005-09-25
Target Simon Storage
Sector Energy Services and Equipment
Buyer(s) Inter Pipeline
Sellers(s) Fortress
Deal Type Add-on Acquisition
Deal Value 120M GBP

Target

Simon Storage

Redhill, United Kingdom
website
Simon Storage is one of Europe's largest independent bulk liquid and gas infrastructure and service companies.

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Buyer(S) 1

Buyer

Inter Pipeline

Calgary, Alberta, Canada

website


Category Company
Founded 1997
Sector Oil/Gas Exploration
Revenue 2.4B CAD (2020)
DESCRIPTION

Inter Pipeline is a major petroleum transportation, storage and natural gas liquids extraction business based in Calgary, Alberta, Canada. Inter Pipeline is a publicly traded corporation that owns and operates a diversified combination of energy infrastructure assets in western Canada and northern Europe. Inter Pipeline was founded in 1997 and is based in Calgary, Canada.


DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 Inter Pipeline - European Storage Business

Calgary, Alberta, Canada

Inter Pipeline Ltd. - European Storage Business includes all Inter Pipeline's bulk liquid storage and handling assets in the United Kingdom, Ireland, Netherlands, and Germany totaling 15 storage terminals and approximately 18 million barrels of storage capacity.

Sell $715M

Seller(S) 1

SELLER

Fortress

New York, New York, United States

website


Category Asset Manager
Founded 1998
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Fortress is a public investment firm that manages hedge fund, credit, and private equity investments. Fortress' private equity practice primarily makes control-oriented investments in North American and Western European businesses with significant asset-bases and strong cash-flows. Fortress is open to investing in a wide range of sectors, however the Firm has tended towards capital intensive sectors. These include transportation, financials, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The pivate equity group also invests in publicly traded alternative investment vehicles, which Fortress refers to as 'castles' that primarily invest in real estate and real estate related debt. Fortress was formed in 1998 and is based in New York City.


DEAL STATS #
Overall 1 of 25
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 9
Country (United Kingdom) 1 of 3
Year (2005) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 GateHouse Media

Fairport, New York, United States

GateHouse Media, Inc. is one of the nation’s largest local media companies as measured by its daily publications.

Buy $530M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 Brookdale Senior Living

Brentwood, Tennessee, United States

Brookdale Senior Living is an operator of senior living communities. The Company also provides outpatient therapy, home health, personalized living and hospice services. Brookdale Senior Living was founded in 2005 and is based in Brentwood, Tennessee.

Sell -