M&A Deal Summary |
|
|---|---|
| Date | 2007-05-17 |
| Target | Terasen International |
| Sector | Engineering |
| Buyer(s) | Fortis |
| Sellers(s) | Kinder Morgan |
| Deal Type | Divestiture |
| Deal Value | 3.7B USD |
SEARCH BY
Try For Free 7-Day Free Trial
Fortis is a distribution utility in Canada, serving more than 2 million gas and electricity customers. Its regulated holdings include electric utilities in five Canadian provinces and two Caribbean countries and a natural gas utility in British Columbia. Fortis owns non?regulated hydroelectric generation assets in Canada, Belize and Upstate New York. Fortis also owns hotels and commercial real estate in Canada. Fortis was formed in 1977 and is based in St. John's, Newfoundland. Fortis was incorporated in 1885 and is based in Saint John's, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 10 |
| Sector (Engineering) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (British Columbia) | 1 of 1 |
| Country (Canada) | 2 of 4 |
| Year (2007) | 1 of 2 |
| Size (of disclosed) | 3 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-10-04 |
Dryden Wealth Management
St. John's, Canada Dryden Wealth Management Limited offers non-U.S. clients local and offshore discretionary investment management and advisory expertise, as well as private banking services through Dryden Bank SA, in Geneva, Switzerland. Serving private individuals and organisations, Dryden and its affiliates have offices in Hong Kong, Monaco, the Netherlands, Singapore, Switzerland, Taiwan and the United Kingdom. - |
Buy | £103M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-08-01 |
Delta Regina Hotel
Regina, Saskatchewan, Canada Delta Regina Hotel operates as a hotel in Canada. It provides rooms, suites, trade and convention centre, restaurant, bar/lounge, health club, swimming pools, meeting facilities, business center, and conference facilities. |
Buy | $50M |
| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Energy Services and Equipment |
| Employees | 10,891 |
| Revenue | 15.3B USD (2023) |
Kinder Morgan is an energy infrastructure company. Kinder Morgan owns an interest in or operates pipelines and terminals. The Company's pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and its terminals transload and store petroleum products, ethanol and chemicals, and handle such products as coal, petroleum coke and steel. Kinder Morgan also produces and transports CO2, which is utilized for enhanced oil recovery projects in North America. Kinder Morgan was formed in 1997 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 5 |
| Sector (Engineering) | 1 of 1 |
| Type (Divestiture) | 2 of 4 |
| State (British Columbia) | 2 of 2 |
| Country (Canada) | 2 of 3 |
| Year (2007) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-05-22 |
The Corix Group
Richmond, British Columbia, Canada The Corix Group (formerly Terasen Water and Utility Services) is a leading utility infrastructure provider of products and services in Canada and the United States, active in the water, wastewater and energy sectors. Headquartered in Vancouver, British Columbia, Corix designs, builds, supplies and manages community utility infrastructure, including the pipes, valves, fittings, and systems that treat and transport water and wastewater. With over 900 employees and more than 65 years of experience, Corix has a successful track record of providing cost-effective, safe and efficient utility infrastructure solutions. |
Sell | CA$125M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-10-16 |
El Paso
Houston, Texas, United States El Paso Corporation is a processes, stores, and transmits natural gas and natural gas liquids. The Company was formed in 1928. |
Buy | $37.8B |
