JOURNAL ARTICLE

Brookfield to Buy Colonial Pipeline Owner in $9 Billion Deal.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Wade, Will; Risser, Nathan 3 of 3

Abstract

Brookfield Infrastructure Partners LP, along with other investors, has agreed to purchase Colonial Enterprises Inc., the owner of the largest fuel pipeline in the US, for approximately $9 billion. The deal includes the acquisition of stakes from all five current owners, including Shell plc. This acquisition comes amidst challenges in building new pipelines in the US and ongoing disputes between Colonial and fuel shippers. The deal is expected to close in the fourth quarter, with debt financing led by Morgan Stanley and Mizuho Bank Ltd. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:184264026
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