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  5. XPLR Infrastructure Acquires Meade Pipeline Co.

M&A Deal Summary

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 Highlights
  • 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.

M&A Deal Summary
Date 2019-09-30
Target Meade Pipeline Co.
Sector Energy Services and Equipment
Buyer(s) XPLR Infrastructure
Deal Type Add-on Acquisition
Deal Value 1.4B USD

Target

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(S) 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 STATS #
Overall 3 of 4
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United States M&A 3 of 4
Year: 2019 M&A 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 -
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 -
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