Add-on Acquisition • Energy Services and Equipment

XPLR Infrastructure Acquires Meade Pipeline Co.

On September 30, 2019, XPLR Infrastructure acquired energy services and equipment company Meade Pipeline Co. for 1.4B USD

Acquisition Context

This is XPLR Infrastructure’s 1st transaction in the Energy Services and Equipment sector.
This is XPLR Infrastructure’s largest (disclosed) transaction.
This is XPLR Infrastructure’s 3rd transaction in the United States.

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M&A Deal Summary
Date	September 30, 2019
Target	Meade Pipeline Co.
Sector	Energy Services and Equipment
Buyer(s)	XPLR Infrastructure
Deal Type	Add-on Acquisition
Deal Value	1.4B USD

Target Company

Meade Pipeline Co.

United States

Meade Pipeline Co. LLC owns a 39.2% interest in the Central Penn Line, a 185-mile intrastate natural gas pipeline that is an integral part of a pipeline system regulated by the Federal Energy Regulatory Commission (FERC) that provides the Marcellus natural gas-producing region access to large demand centers in the mid-Atlantic and Southeastern regions of the U.S.

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Buyer Overview 1

Buyer

XPLR Infrastructure

Juno Beach, Florida, United States

Category	Company
Founded	2014
Sector	Utilities
Revenue	1.2B USD (2024)

DESCRIPTION

XPLR Infrastructure acquires, manages, and owns contracted clean energy projects with stable, long-term cash flows. XPLR Infrastructure was founded in 2014 and is based in Juno Beach, Florida.

Deal Context for Buyer	#
Overall	3 of 4
Sector: Energy Services and Equipment	1 of 1
Type: Add-on Acquisition	2 of 2
Country: United States	3 of 4
Year: 2019	2 of 3
Size (of disclosed)	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-01-01	Gulf Power Co. Pensacola, Florida, United States Gulf Power Co. is an energy provider serving nearly half a million customers across Northwest Florida. Our team works hard to provide our customers with reliable and environmentally responsible energy, to offer innovative energy services and solutions, and give back to the communities we also call home.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2019-01-01

Gulf Power Co.

Pensacola, Florida, United States

Gulf Power Co. is an energy provider serving nearly half a million customers across Northwest Florida. Our team works hard to provide our customers with reliable and environmentally responsible energy, to offer innovative energy services and solutions, and give back to the communities we also call home.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-12-10	STX Midstream Texas, United States STX Midstream owns a portfolio of operational, long-term contracted natural gas pipeline infrastructure assets in Texas, including the NET Mexico Pipeline that provides a source of natural gas transportation for low-cost, US-sourced gas to Mexico.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2019-12-10

STX Midstream

Texas, United States

STX Midstream owns a portfolio of operational, long-term contracted natural gas pipeline infrastructure assets in Texas, including the NET Mexico Pipeline that provides a source of natural gas transportation for low-cost, US-sourced gas to Mexico.

Buy

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