On April 3, 2025, Brookfield Infrastructure Partners L.P. and its institutional partners reached a definitive agreement to acquire 100% of Colonial Enterprises, which includes the Colonial Pipeline. The transaction is valued at an enterprise value of approximately $9 billion, or 9x EBITDA.
Colonial Enterprises operates the largest refined products system in the U.S., spanning approximately 5,500 miles between Texas and New York. This asset has a multi-decade track record of strong performance and high utilization, serving a high-quality customer base along the U.S. East Coast.
BIP's equity investment in the transaction is expected to be $500 million, representing approximately 15% of the total equity investment, and will be funded entirely by proceeds from recently announced capital recycling initiatives. The acquisition is anticipated to close in the second half of 2025, subject to customary closing conditions.
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