On July 31, 2025, Shell Midstream Operating LLC completed the sale of its 16.125% interest in Colonial Enterprises, Inc. to Colossus AcquireCo LLC, a wholly owned subsidiary of Brookfield Infrastructure Partners L.P. and its institutional partners. This marks the completion of the $9 billion acquisition of Colonial Enterprises by Brookfield Infrastructure.
The acquisition includes the Colonial Pipeline, the largest refined products system in the U.S., spanning 5,500 miles from Texas to New York. This strategic investment significantly bolsters Brookfield Infrastructure's midstream segment.
The total equity consideration for the acquisition was approximately $3.4 billion, with Brookfield Infrastructure Partners' share being approximately $500 million. This transaction is expected to provide a mid-teen cash yield and a seven-year payback period, with immediate focus on business integration and value creation.
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