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

Summary by Energy News for the United States Oil & Gas Industry | EnergyNow.com

(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 ...

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Private Equity Wire

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…

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