M&A Deal Summary

Black Bear Transmission Acquires Ozark Gas Transmission

On April 1, 2020, Black Bear Transmission acquired energy services and equipment company Ozark Gas Transmission from Enbridge

Acquisition Highlights
  • This is Black Bear Transmission’s 1st transaction in the Energy Services and Equipment sector.
  • This is Black Bear Transmission’s 1st transaction in the United States.
  • This is Black Bear Transmission’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2020-04-01
Target Ozark Gas Transmission
Sector Energy Services and Equipment
Buyer(s) Black Bear Transmission
Sellers(s) Enbridge
Deal Type Divestiture

Target

Ozark Gas Transmission

Fort Smith, Arkansas, United States
Ozark Gas Transmission LLC owns and operates a 367-mile, FERC-regulated interstate natural gas pipeline transportation system. The system extends from southeastern Oklahoma through Arkansas to southeastern Missouri and has significant interconnectivity to major long-haul natural gas pipelines. OGG owns and operates a fee-based, 330-mile natural gas gathering system that connects regional production into OGT’s pipeline.

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Buyer(S) 1

Buyer

Black Bear Transmission

Houston, Texas, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Black Bear Transmission transports and delivers natural gas from various pipeline receipt points to power generation, industrial and utility customers in the Southeast United States. The Company includes 7 regulated natural gas pipelines with total capacity of over 1,600 MDth per day, stretching approximately 550 miles. The pipelines are connected to 8 major long-haul pipelines, ensuring reliable gas supply to customers across Louisiana, Alabama, Mississippi, Tennessee and Arkansas. Black Bear Transmission is based in Houston, Texas. ?

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 2
State (Arkansas) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 Third Coast Midstream - Natural Gas Transmission Assets

Houston, Texas, United States

Third Coast Midstream's Natural Gas Transmission Assets are a natural extension to the Southeast United States natural gas transmission business. The NGT Assets include six intrastate natural gas pipelines spanning approximately 1,400 miles in Alabama, Louisiana, and Mississippi. The system has a total capacity of more than 800 MMcf per day and benefits from significant interconnectivity to majorlong haul pipelines, providing reliable, cost-advantaged gas supply to utilities and other key end-users.

Buy -

Seller(S) 1

SELLER

Enbridge

Calgary, Alberta, Canada
Category Company
Founded 1949
Sector Energy Services and Equipment
Employees11,500
Revenue 43.6B CAD (2023)
DESCRIPTION
Enbridge office in West Duluth, Minnesota.
Enbridge office in West Duluth, Minnesota.

Enbridge operates a US and Canadian crude oil and liquid transportation network. Enbridge was incorporated in 1949 and is based in Calgary, Canada.

DEAL STATS #
Overall 4 of 5
Sector (Energy Services and Equipment) 4 of 4
Type (Divestiture) 4 of 4
State (Arkansas) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-13 Rio Bravo Pipeline

Houston, Texas, United States

Rio Bravo Pipeline Co., LLC is a provider of energy services. Rio Bravo Pipeline is based in Houston, Texas.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-12 Éolien Maritime France SAS

Paris, France

Éolien Maritime France SAS is a French offshore wind development company with three large-scale offshore wind farms off the coast of France that would produce a combined 1,428 megawatts (MW) of power.

Sell -
Mergr

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