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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 2nd 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 Add-on Acquisition
Deal Value 4.9B CAD

Target

Inter Pipeline

Calgary, Alberta, Canada
Inter Pipeline is a petroleum transportation, storage and natural gas liquids extraction business based in Calgary, Alberta, Canada. 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 21.0B USD (2024)
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 Hamilton, Bermuda.

DEAL STATS #
Overall 5 of 8
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 4
State: Alberta M&A 2 of 2
Country: Canada M&A 3 of 3
Year: 2021 M&A 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 NGPL

Houston, Texas, United States

NGPL is a natural gas pipeline company and a transporter of natural gas, especially to the Chicago area market and the Gulf Coast, where it feeds LNG export facilities. NGPL provides access to all major supply basins through its own network and interconnections. NGPL is based in Houston, Texas.

Sell -
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
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