Colonial Pipeline being sold for $9 billion
Brookfield Infrastructure Partners on Friday agreed to acquire the Colonial Pipeline, which stretches 5,500 miles from Houston to New York, for around $9 billion (including debt).
Why it matters: Scarcity. There are tons of government hurdles to building new pipelines in the U.S., despite Trump's all-in energy policies, and tariffs could make new construction even more daunting.
Zoom in: The deal formally is for the midstream asset portfolio of Colonial Enterprises, which includes Colonial Pipeline.
BIP will invest $500 million, or around 15% of the total equity commitment, funded by recycled capital.
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