M&A Deal Summary

TC Energy Acquires Columbia Pipeline Group

On March 17, 2016, TC Energy acquired oil/gas exploration company Columbia Pipeline Group for 13.0B USD

Acquisition Highlights
  • This is TC Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is TC Energy’s largest (disclosed) transaction.
  • This is TC Energy’s 9th transaction in the United States.
  • This is TC Energy’s 2nd transaction in Texas.

M&A Deal Summary
Date 2016-03-17
Target Columbia Pipeline Group
Sector Oil/Gas Exploration
Buyer(s) TC Energy
Deal Type Add-on Acquisition
Deal Value 13.0B USD
Advisor(s) Goldman Sachs
Lazard Ltd. (Financial)
Sullivan & Cromwell
Bennett Jones LLP (Legal)

Target

Columbia Pipeline Group

Houston, Texas, United States
website
Columbia Pipeline Group, Inc. is an operator of approximately 15,000 miles of strategically located interstate pipeline, gathering and processing assets extending from New York to the Gulf of Mexico, including an extensive footprint in the Marcellus and Utica Shale production areas.

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Buyer(S) 1

Buyer

TC Energy

Calgary, Alberta, Canada

website

Category Company
Founded 1951
Sector Energy Services and Equipment
Employees7,477
Revenue 15.0B CAD (2022)
DESCRIPTION

TC Energy is a provider of energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TC Energy was founded in 1951 and is based in Calgary, Canada.

DEAL STATS #
Overall 10 of 12
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Texas) 2 of 3
Country (United States) 9 of 10
Year (2016) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 Talen Energy Corp - Ironwood Power Plant

United States

Talen Energy Corp - Ironwood Power Plant is a provider of natural gas energy services.

Buy $654M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 Columbia Midstream Group

United States

Columbia Midstream Group LLC holds five gathering systems, with capacity of roughly 2,675,000 MMBtu/day and 240 miles of pipeline, located in the southwestern core of the Appalachian Basin.

Sell $1.3B
Mergr

Product

Company

Legal