Brookfield Nears $9 Billion-Plus Deal for Colonial Pipeline, Sources Say - Energy News, Top Headlines, Commentaries, Features & Events

Brookfield nears $9bn Colonial Pipeline deal

Brookfield Asset Management is finalising a $9bn-plus acquisition of Colonial Pipeline, the largest US fuel transportation system, marking one of the largest private equity-backed infrastructure deals in recent years, according to a report by Reuters. The report cites unnamed sources familiar with the matter as revealing that the Toronto-based alternative asset manager has emerged as the winning bidder in the months-long auction process run by C…

Brookfield Nears $9 Billion-Plus Deal for Colonial Pipeline, Sources Say - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – Brookfield Asset Management is putting the final touches on a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation system, for more than $9 billion including debt, people familiar with the matter said on Monday. The New York-based asset manager has emerged as the winner of the auction process, which the five ...