M&A Deal Summary

Stonepeak Acquires Seapeak

On October 4, 2021, infrastructure investor Stonepeak acquired transportation company Seapeak for 6.2B USD

Acquisition Highlights
  • This is Stonepeak’s 2nd transaction in the Transportation sector.
  • This is Stonepeak’s 3rd largest (disclosed) transaction.
  • This is Stonepeak’s 2nd transaction in Bermuda.

M&A Deal Summary
Date 2021-10-04
Target Seapeak
Sector Transportation
Buyer(s) Stonepeak
Deal Type Going Private
Deal Value 6.2B USD
Advisor(s) Morgan Stanley (Financial)
Squire Patton Boggs
Perkins Coie (Legal)

Target

Seapeak

Hamilton, Bermuda
Seapeak is a diverse, multicultural and global group of experienced seafarers and operational and commercial leaders. With ownership interests in 74 vessels, Seapeak is a world leader, with one of the largest fleets of Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) vessels. The company is committed to providing the highest level of operational performance for its customers, and always safety first, no compromises.

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Buyer(S) 1

Buyer

Stonepeak

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2011
PE ASSETS 57.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.

DEAL STATS #
Overall 29 of 40
Sector (Transportation) 2 of 5
Type (Going Private) 2 of 6
Country (Bermuda) 2 of 3
Year (2021) 5 of 5
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 WTG

Midland, Texas, United States

WTG has core businesses in natural gas distribution, transmission, gathering and processing, natural gas liquids transmission, liquids fuels services, and convenience stores. WTG owns and operates more than 9,000 miles of gathering pipelines, 7 processing plants, and approximately 5,800 miles of distribution mainlines serving over 28,000 customers within Oklahoma and Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Rinchem

Albuquerque, New Mexico, United States

Rinchem is a specialty warehousing and logistics company with a global network of chemical and gas logistics capabilities. Rinchem was founded in 1976 and is based in Albuquerque, New Mexico.

Buy -
Mergr

Product

Company

Legal