TC Energy - M&A Summary and Business Overview

Energy Services And EquipmentCompany

TC Energy M&A Summary

TC Energy has acquired 12 companies, including 2 in the last 5 years. It has also divested 4 assets.

TC Energy’s largest acquisition to date was in 2016, when it acquired Columbia Pipeline Group for $13.0B. It’s largest disclosed sale occurred in 2019, when it sold Columbia Midstream Group to UGI for $1.3B. TC Energy has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include energy services and equipment (59%) and utilities (25%).

TC Energy Business Overview

Where is TC Energy headquartered?

TC Energy is headquartered in Calgary, Alberta.

What is TC Energy’s revenue?

TC Energy disclosed revenue of 14,977M CAD for 2022 and 13,387M CAD for 2021.

How many employees does TC Energy have?

TC Energy has 7,477 employees.

What sector is TC Energy in?

TC Energy is an energy services and equipment company.

When was TC Energy founded?

TC Energy was founded in 1951.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity12
    • M&A Sell Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 13
  • M&A Advisors 8

TC Energy

TC Energy Corp.

450 - 1 Street SW,
Calgary, Alberta AB T2P 5H1
Canada,
(403) 920-2000
www.tcenergy.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 10 2 - - - - 12
vol $17.1B $255M $17.4B
Sell (0.0/yr) # 4 - - - - - 4
vol $1.3B $1.3B
  16

Most Recent M&A

Company Date Value Type
TC PipeLines LP 2020-12-15 - Add-on Acquisition
Houston, Texas · www.tcpipelineslp.com
Pioneer Pipeline 2020-06-18 255M USD Divestiture
Calgary, Alberta
Coastal GasLink Pipeline Project 2019-12-26 - Divestiture
Vancouver, British Columbia · www.coastalgaslink.com
Columbia Midstream Group LLC 2019-07-02 1.3B USD Divestiture
, United States
Columbia Pipeline Group, Inc. 2016-03-17 13.0B USD Add-on Acquisition
Houston, Texas · www.columbiapipelinegroup.com
Talen Energy Corp - Ironwood Power Plant 2015-10-08 654M USD Divestiture
, United States
Canadian Solar Solutions - Liskeard 1 Solar Power Facility 2014-12-29 - Divestiture
, United States
KeySpan-Ravenswood, Inc. 2008-03-31 2.8B USD Divestiture
, United States
ANR Pipeline Co. 2006-12-22 - Add-on Acquisition
Houston, Texas · www.anrpl.com
ANR Storage Co. 2006-12-22 - Add-on Acquisition
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 7 (58%) 4.2B (24%) 3 (75%) 1.3B (100%)
Utilities 3 (25%) 188M (1%) 1 (25%) -
Oil/Gas Exploration 1 (8%) 13.0B (75%) - -
Renewable Energy 1 (8%) - - -
Total 12 $17.4B 4 $1.3B

By Geo

State/Country Buy Value Sell Value
United States 10 17.1B 1 1.3B
  Texas 3 13.0B - -
Canada 2 255M 1 -
  Alberta 1 255M - -
  British Columbia - - 1 -
Chile - - 1 -
Colombia - - 1 -
Domestic 2 (17%) 255M (1%) 1 (25%) -
Cross-border 10 (83%) 17.1B (99%) 3 (75%) 1.3B (100%)
Total 12 $17.4B 4 $1.3B

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
2
Lazard Ltd.
2
J.P. Morgan Securities
1
Legal Deals
Mayer Brown
4
Hogan Lovells
2
Vinson & Elkins
1

Deal Values

buy # Total
> $1B 2 $15.8B
$100M to $1B 4 $1.5B
< $100M 1 $61M
TOTAL $17.4B
Largest Columbia Pipeline Group, Inc.
$13.0B (2016-03-17)
sell # Total
> $1B 1 $1.3B
TOTAL $1.3B
Largest Columbia Midstream Group LLC
$1.3B (2019-07-02)

M&A Connections

Deals
Acquired from
Strategic(s)
67%
8 (67%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
50%
2 (50%)

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