Brookfield infrastructure announces the acquisition of colonial enterprises

Brookfield, news, april 03, 2025 (globe newswire) -- brookfield infrastructure partners l.p. (“bip”) (nyse: bip; tsx: bip.un) and its institutional partners (collectively, “brookfield infrastructure”) reached a definitive agreement to acquire 100% of the world-class midstream asset portfolio colonial enterprises (“colonial”), which includes the colonial pipeline, for an enterprise value of approximately $9 billion or 9x ebitda. colonial is comprised of the largest refined products system in the u.s., spanning approximately 5,500 miles between texas and new york. the business has a multi-decade track record of strong performance and high utilization serving a high-quality customer base along the u.s. east coast.
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