Colonial Pipeline Weighs Bids for Potential $10B Sale

Colonial Pipeline Weighs Bids for Potential $10B Sale

The Alpharetta, Ga.-based company is working with advisers as it seeks to gauge interest from potential buyers, according to sources who asked not to be named.

Report: Colonial Pipeline Considering $10B Sale

Colonial owns a 5,500-mile pipeline network which carries more than 100,000 gallons of fuel to an area stretching from Houston to New Jersey.

Colonial Pipeline Weighs Sale at $10 Billion-Plus Value

Company is working with advisers to gauge buyer interest Colonial Pipeline is backed by investors including KKR, CDPQ Colonial Pipeline Co., operator of the largest US fuel pipeline system, is weighing options including a sale that could value the company at more than $10 billion, people familiar with the matter said. The Alpharetta, Georgia-based company is working with advisers as it seeks to gauge interest from potential buyers, according to…