M&A Deal Summary

AltaGas Acquires Pacific Northern Gas

On December 20, 2011, AltaGas acquired energy services and equipment company Pacific Northern Gas for 230M CAD

Acquisition Highlights
  • This is AltaGas’ 1st transaction in the Energy Services and Equipment sector.
  • This is AltaGas’ 3rd largest (disclosed) transaction.
  • This is AltaGas’ 2nd transaction in Canada.
  • This is AltaGas’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2011-12-20
Target Pacific Northern Gas
Sector Energy Services and Equipment
Buyer(s) AltaGas
Deal Type Add-on Acquisition
Deal Value 230M CAD

Target

Pacific Northern Gas

Vancouver, British Columbia, Canada
Pacific Northern Gas Ltd. is an owns and operates natural gas transmission and distribution systems.

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Buyer(S) 1

Buyer

AltaGas

Calgary, Alberta, Canada
Category Company
Founded 1994
Sector Renewable Energy
Employees2,926
Revenue 13.0B CAD (2023)
DESCRIPTION

AltaGas is the first major independent Canadian midstream company, AltaGas has evolved into a diversified operator and developer of gas and power infrastructure. Today our gas business gathers, processes, transports, distributes, stores and markets natural gas and natural gas liquids (NGLs), touching more than 2 Bcf/d of gas from coast to coast to coast in Canada. AltaGas was incorporated in 1994 and is based in Calgary, Canada.

DEAL STATS #
Overall 2 of 4
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2011) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-18 Heritage Gas

Dartmouth, Nova Scotia, Canada

Heritage Gas Ltd. is a distributor of natural gas to residential and commercial customers in Nova Scotia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-01 SEMCO Energy

Port Huron, Michigan, United States

Semco Energy Inc. indirectly holds a regulated gas distribution utility in Alaska through Enstar Natural Gas Co. and an interest in Cook Inlet Natural Gas Storage Alaska LLC, a regulated gas storage utility under construction.

Buy $1.1B
Mergr

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