M&A Deal Summary

Brookfield Acquires Niska Gas Storage Partners

On June 14, 2015, Brookfield acquired oil/gas exploration company Niska Gas Storage Partners for 912M USD

Acquisition Highlights
  • This is Brookfield’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Brookfield’s 6th largest (disclosed) transaction.
  • This is Brookfield’s 1st transaction in the United States.
  • This is Brookfield’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2015-06-14
Target Niska Gas Storage Partners
Sector Oil/Gas Exploration
Buyer(s) Brookfield
Deal Type Merger
Deal Value 912M USD
Advisor(s) Evercore Group
Riverstone Advisory (Financial)
Vinson & Elkins
Stikeman Elliott (Legal)

Target

Niska Gas Storage Partners

Radnor, Pennsylvania, United States
Niska Gas Storage Partners LLC is an independent natural gas storage company. Niska Gas Storage Partners was founded in 2006 and is based in Radnor, Pennsylvania.

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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 1 of 8
Sector (Oil/Gas Exploration) 1 of 2
Type (Merger) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 3
Year (2015) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-04 Powerco

New Plymouth, New Zealand

Powerco is a electricity and gas distribution company provides an essential service to the communities, businesses and customers it serves.

Sell NZ$525M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-29 Brookfield Infrastructure - Great Lakes Power Electricity Transmission Business

United States

Brookfield Infrastructure - Great Lakes Power Electricity Transmission Business is a provider of power utilities services.

Sell $222M
Mergr

Product

Company

Legal