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  6. WGL Midstream, Vega Midstream MVP, NextEra Energy and EQM Midstream Invest In Mountain Valley Pipeline

Investment Summary

WGL Midstream, Vega Midstream MVP, NextEra Energy and EQM Midstream Invest In Mountain Valley Pipeline

On March 11, 2015, WGL Midstream, Vega Midstream MVP, NextEra Energy and EQM Midstream invested in construction company Mountain Valley Pipeline from EQT and NextEra Energy

Investment Highlights
  • This is WGL Midstream’s 1st, Vega Midstream MVP’s 1st, NextEra Energy’s 2nd and EQM Midstream’s 1st transaction in the Construction sector.
  • This is WGL Midstream’s 1st, Vega Midstream MVP’s 1st, NextEra Energy’s 3rd and EQM Midstream’s 4th transaction in the United States.
  • This is WGL Midstream’s 1st, Vega Midstream MVP’s 1st, NextEra Energy’s 2nd and EQM Midstream’s 2nd transaction in Pennsylvania.

Investment Summary
Date 2015-03-11
Target Mountain Valley Pipeline
Sector Construction
Investor(s) WGL Midstream
Vega Midstream MVP
NextEra Energy
EQM Midstream
Sellers(s) EQT
NextEra Energy
Deal Type Stake Purchase

Target

Mountain Valley Pipeline

Pittsburgh, Pennsylvania, United States
Mountain Valley Pipeline LLC is a proposal to build a pipeline to bring natural gas.

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Investor(S) 4

Investor

WGL Midstream

Wilmington, Delaware, United States
Category Company
Sector Utilities
DESCRIPTION

WGL Midstream, Inc. is a provider of options for natural gas, electricity, green power and energy services, including generation, storage, transportation, distribution, supply and efficiency.

DEAL STATS #
Overall 1 of 2
Sector: Construction M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2015 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 Stonewall Gas Gathering

West Virginia, United States

Stonewall Gas Gathering LLC is a producer of one billion cubic feet of natural gas daily from the marcellus production region in West Virginia.

Buy -
Investor

Vega Midstream MVP

Houston, Texas, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Vega Midstream MVP LLC is a energy services company.

DEAL STATS #
Overall 1 of 1
Sector: Construction M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
Investor

NextEra Energy

Juno Beach, Florida, United States
Category Company
Founded 1925
Sector Utilities
Employees16,800
Revenue 24.8B USD (2024)
DESCRIPTION

NextEra Energy is a clean energy company, more than 42,000 megawatts of generating capacity. NextEra Energy was founded in 1925 and is based in Juno Beach, Florida.

DEAL STATS #
Overall 3 of 5
Sector: Construction M&A 2 of 2
Type: Stake Purchase M&A Deals 1 of 1
State: Pennsylvania M&A 2 of 2
Country: United States M&A 3 of 5
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-10 Mountain Valley Pipeline

Pittsburgh, Pennsylvania, United States

Mountain Valley Pipeline LLC is a proposal to build a pipeline to bring natural gas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 FPL FiberNet

Miami, Florida, United States

FPL FiberNet LLC is a provider of end-to-end bandwidth infrastructure services specializing in fiber-optic network solutions that drive stronger business productivity and performance.

Sell $1.5B
Investor

EQM Midstream

Canonsburg, Pennsylvania, United States
Category Company
Founded 2012
Sector Energy Services and Equipment
Employees771
Revenue 1.6B USD (2019)
DESCRIPTION

EQM Midstream is an integrated energy company. Equitrans Midstream was founded in 2012 and is based in Canonsburg, Pennsylvania.

DEAL STATS #
Overall 4 of 7
Sector: Construction M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Pennsylvania M&A 2 of 3
Country: United States M&A 4 of 7
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-10 EQT Gathering Marcellus Gathering System

United States

EQT Gathering Marcellus Gathering System, comprises 100 miles of gathering pipeline and 9 compressor units providing approximately 25,000 horsepower and offers gathering and compressing natural gas for affiliates and third parties.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-13 EQT - Transmission Storage and Gathering Assets

Pittsburgh, Pennsylvania, United States

EQT Corp. - Transmission, Storage and Gathering Assets is a provider of energy services for oil and gas industry in US.

Buy $275M

Seller(S) 2

SELLER

EQT

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1878
Sector Oil/Gas Exploration
Employees881
Revenue 5.2B USD (2024)
DESCRIPTION
Entrance to EQT's corporate headquarters in downtown Pittsburgh, Pennsylvania.
Entrance to EQT's corporate headquarters in downtown Pittsburgh, Pennsylvania.

EQT is an integrated energy company, with an emphasis on Appalachian area natural gas supply, transmission and distribution. EQT was founded in 1878 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 7 of 9
Sector: Construction M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Pennsylvania M&A 3 of 5
Country: United States M&A 7 of 9
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-10 EQT Gathering Marcellus Gathering System

United States

EQT Gathering Marcellus Gathering System, comprises 100 miles of gathering pipeline and 9 compressor units providing approximately 25,000 horsepower and offers gathering and compressing natural gas for affiliates and third parties.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Statoil USA Onshore Properties - Non Core Assets

Houston, Texas, United States

Statoil USA Onshore Properties - Non Core Assets include 62,500 net acres that it operates in the state of West Virginia, 31 Marcellus wells, 24 of which are currently producing. Statoil owns about 665,500 total acres in the Marcellus, the largest US gas field by volume. The Marcellus and Utica shales, located in the Appalachian region of the US, have provided 85pc of the country's shale gas production growth since the start of 2012, according to the US Energy Information Administration

Buy $407M
SELLER

NextEra Energy

Juno Beach, Florida, United States
Category Company
Founded 1925
Sector Utilities
Employees16,800
Revenue 24.8B USD (2024)
DESCRIPTION

NextEra Energy is a clean energy company, more than 42,000 megawatts of generating capacity. NextEra Energy was founded in 1925 and is based in Juno Beach, Florida.

DEAL STATS #
Overall 1 of 3
Sector: Construction M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-10 Mountain Valley Pipeline

Pittsburgh, Pennsylvania, United States

Mountain Valley Pipeline LLC is a proposal to build a pipeline to bring natural gas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 FPL FiberNet

Miami, Florida, United States

FPL FiberNet LLC is a provider of end-to-end bandwidth infrastructure services specializing in fiber-optic network solutions that drive stronger business productivity and performance.

Sell $1.5B
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