M&A Deal Summary

Tidewater Acquires Pembina s Western Pipeline System

On May 6, 2025, Tidewater acquired energy services and equipment company Pembina s Western Pipeline System for 1M USD

Acquisition Highlights
  • This is Tidewater’s 1st transaction in the Energy Services and Equipment sector.
  • This is Tidewater’s largest (disclosed) transaction.
  • This is Tidewater’s 1st transaction in Canada.
  • This is Tidewater’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2025-05-06
Target Pembina s Western Pipeline System
Sector Energy Services and Equipment
Buyer(s) Tidewater
Deal Type Divestiture
Deal Value 1M USD

Target

Pembina s Western Pipeline System

Taylor, British Columbia, Canada
Pembina's Western Pipeline System is an approximately 377 km crude oil pipeline. Pembina's Western Pipeline System is based in Taylor, British Columbia.

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Buyer(S) 1

Buyer

Tidewater

Calgary, Alberta, Canada

Category Company
Founded 2015
Sector Oil/Gas Exploration
Employees360
Revenue 1.6B CAD (2024)
DESCRIPTION

Tidewater is a diversified midstream and energy infrastructure business with transmission, transportation, processing, marketing, and terminalling assets across Alberta and B.C. Tidewater provides solutions to upstream oil and gas producers to efficiently and sustainably get their products to market using Tidewater’s unique and integrated asset base. Tidewater was founded in 2015 and is based in Calgary, Alberta.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 TransAlta - Pioneer Pipeline

Calgary, Alberta, Canada

TransAlta Corp. - Pioneer Pipeline provides reliable natural gas supply to the Company's power generation stations at Sundance and Keephills.

Sell CA$255M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-21 Tidewater s Sylvan Lake Gas Processing Facility

Alberta, Canada

Tidewater's Sylvan Lake Gas Processing Facility is a natural gas plant with associated gathering infrastructure. Tidewater's Sylvan Lake Gas Processing Facility is based in Alberta, Canada.

Sell CA$6M