M&A Deal Summary

KKR and Energy Transfer Acquire Energy Transfer Canada

On January 1, 2019, private equity firm KKR and Energy Transfer acquired energy services and equipment company Energy Transfer Canada

Acquisition Highlights
  • This is KKR’s 10th and Energy Transfer’s 2nd transaction in the Energy Services and Equipment sector.
  • This is KKR’s 5th and Energy Transfer’s 1st transaction in Canada.
  • This is KKR’s 3rd and Energy Transfer’s 1st transaction in Alberta.

M&A Deal Summary
Date 2019-01-01
Target Energy Transfer Canada
Sector Energy Services and Equipment
Buyer(s) KKR
Energy Transfer
Deal Type Joint Venture

Target

Energy Transfer Canada

Calgary, Alberta, Canada
Energy Transfer Canada operates three world-class sour gas plants with a combined licensed processing capacity of 1.7 bcf/d, and three sweet gas processing plants with a combined licensed processing capacity of over 800 mmcf/d. Energy Transfer Canada is based in Calgary.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 297 of 483
Sector (Energy Services and Equipment) 10 of 11
Type (Joint Venture) 5 of 7
State (Alberta) 3 of 5
Country (Canada) 5 of 12
Year (2019) 2 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Zinnia

Topeka, Kansas, United States

Zinnia is a life and annuity insurance technology and digital services company. The Company’s vision for Open Insurance empowers clients through intuitive technology solutions that decrease processing time, drive product innovation, and bring new products to market faster, enabling more people to protect and enrich their financial futures. Zinnia is based in Topeka, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-07 OneStream

Birmingham, Michigan, United States

OneStream is a provider of cloud or on-premise Corporate Performance Management (CPM) solutions for mid-sized to large enterprises. OneStream was founded in 2012 and is based in Birmingham, Michigan.

Buy -
Buyer

Energy Transfer

Dallas, Texas, United States
Category Company
Founded 1996
Sector Energy Services and Equipment
Employees13,786
Revenue 78.6B USD (2023)
DESCRIPTION

Energy Transfer is a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of complementary crude oil, refined products, and natural gas liquids pipeline, terminalling and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil, refined products, and natural gas liquids. Energy Transfer was incorporated in 1996 and is based in Dallas, Texas.

DEAL STATS #
Overall 7 of 13
Sector (Energy Services and Equipment) 2 of 6
Type (Joint Venture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Sunoco Logistics Partners - Toledo Terminal

Newtown Square, Pennsylvania, United States

Sunoco Logistics Partners LP - Toledo Terminal is comprised of a 10-bay truck rack and over 110,000 barrels of chemicals, clean product and additive storage capacity.

Sell $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-16 SemGroup

Tulsa, Oklahoma, United States

SemGroup Corp. moves energy across North America through a network of pipelines, processing plants, refinery-connected storage facilities and deep-water marine terminals with import and export capabilities. SemGroup serves as a versatile connection between upstream oil and gas producers and downstream refiners and end-users. Key areas of operation and growth include western Canada, the Mid-Continent and the Gulf Coast. SemGroup is committed to safe, environmentally sound operations. Headquartered in Tulsa, Okla., the company has additional offices in Calgary, Alberta; Denver, Colo.; and Houston, Texas. SemGroup uses its Investor Relations website and social media outlets as channels of distribution of material company information. SemGroup Corporation was founded in 2000 and is headquartered in Tulsa, Oklahoma.

Buy $5.1B
Mergr

Product

Company

Legal