M&A Deal Summary

Brookfield Acquires Inter Pipeline

On February 22, 2021, Brookfield acquired oil/gas exploration company Inter Pipeline for 4.9B CAD

Acquisition Highlights
  • This is Brookfield’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Brookfield’s largest (disclosed) transaction.
  • This is Brookfield’s 3rd transaction in Canada.
  • This is Brookfield’s 2nd transaction in Alberta.

M&A Deal Summary

Date 2021-02-22
Target Inter Pipeline
Sector Oil/Gas Exploration
Buyer(s) Brookfield
Deal Type Going Private
Deal Value 4.9B CAD

Target

Inter Pipeline

Calgary, Alberta, Canada
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.

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Buyer(S) 1

Buyer

Brookfield

Hamilton, Bermuda

Category Company
Founded 2007
Sector Utilities
Revenue 14.4B USD (2022)
DESCRIPTION

Brookfield operates long life, high quality infrastructure assets with high barriers to entry and low maintenance capital requirements that generate stable and growing cash flows. Brookfield was founded in 2007 and is based in Toronto, Canada.


DEAL STATS #
Overall 5 of 7
Sector (Oil/Gas Exploration) 2 of 2
Type (Going Private) 1 of 1
State (Alberta) 2 of 2
Country (Canada) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 AT&T - Data Center Colocation Operations

Dallas, Texas, United States

AT&T, Inc. - Data Center Colocation Operations is a provider of data center colocation services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 Triton International

Hamilton, Bermuda

Triton International engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment to shipping lines, and freight forwarding companies and manufacturers. Triton International was founded in 1980 and is based in Hamilton, Bermuda.

Buy $13.3B