• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Brookfield Infrastructure Announces the Acquisition of Colonial Enterprises

    4/3/25 10:39:02 PM ET
    $BIP
    Marine Transportation
    Consumer Discretionary
    Get the next $BIP alert in real time by email

    BROOKFIELD, News, April 03, 2025 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP) 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.

    At closing, BIP's equity investment is expected to be $500 million, which represents approximately 15% of the total equity investment, funded entirely by proceeds from recently announced capital recycling initiatives. The transaction is expected to close in the second half of 2025, subject to customary closing conditions. Debt financing for the transaction was led by Morgan Stanley Senior Funding, Inc. and Mizuho Bank, Ltd., with Morgan Stanley Senior Funding, Inc. acting as sole bookrunner on the term loan facility. Brookfield Infrastructure engaged Jefferies LLC, Greenhill & Co. LLC, a Mizuho affiliate, and Morgan Stanley & Co. LLC as joint financial advisors and Kirkland & Ellis LLP as legal advisor.

    About Brookfield Infrastructure

    Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE:BIP, TSX:BIP), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation ((NYSE, TSX:BIPC), a Canadian corporation. Further information is available at https://bip.brookfield.com.

    Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management. For more information, go to https://brookfield.com.

    Contact Information

    Media: Investor Relations:
    John HamlinStephen Fukuda
    DirectorSenior Vice President
    CommunicationsCorporate Development & Investor Relations
    Tel: +44 204 557 4334Tel: +1 416 956 5129
    Email: [email protected]Email: [email protected]
     

    Cautionary Statement Regarding Forward-looking Statements

    Certain statements in this press release may constitute "forward-looking statements" within the meaning of Canadian provincial securities laws and other "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities regulations. The words "growing", "target", "growth", "anticipate", "plan", "objective", "expect", "will", "may", "backlog", "potential", "believe", "increase", "intend", derivations thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements and information. Forward-looking statements and information in this news release include statements regarding our ability to close transactions and expectations around future asset acquisitions. Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties and other factors which may cause the actual results, performance or achievements of Brookfield Infrastructure to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information.

    Factors that could cause actual results of Brookfield Infrastructure to differ materially from those contemplated or implied by the statements in this news release include general economic and market conditions in the jurisdictions in which we operate (including that management's expectations may differ from actual economic and market trends), regulatory developments and changes in inflation rates in the U.S. and elsewhere, the impact of market conditions on our business, the fact that success of Brookfield Infrastructure is dependent on market demand for an infrastructure company, which is unknown, the availability of and our ability to obtain equity and debt financing and the terms thereof, foreign currency risk, the outcome and timing of various regulatory, legal and contractual issues, global credit and financial markets, the competitive business environment in the industries in which we operate, the competitive market for acquisitions and other growth opportunities, our ability to satisfy conditions precedent required to complete, our ability to integrate acquisitions into existing operations and the future performance of those acquisitions, our ability to close planned transactions, our ability to complete large capital expansion projects on time and within budget, favorable commodity prices, our ability to achieve the milestones necessary to deliver the targeted returns to our unitholders, weakening demand for products and services in the markets for the commodities that underpin demand for our infrastructure, ability to negotiate favorable take-or-pay contractual terms, the continued operation of large capital projects by customers of our businesses which themselves rely on access to capital and continued favorable commodity prices, changes in technology which have the potential to disrupt business and industries in which we invest, uncertainty with respect to future sources of investment opportunities, traffic on our toll roads and other risks and factors described in the documents filed by Brookfield Infrastructure Partners L.P. with the securities regulators in Canada and the United States including under "Risk Factors" in its most recent Annual Report on Form 20-F. Except as required by law, Brookfield Infrastructure Partners undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.



    Primary Logo

    Get the next $BIP alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $BIP

    DatePrice TargetRatingAnalyst
    2/27/2024Buy
    Jefferies
    1/30/2024Outperform → Sector Perform
    National Bank Financial
    10/18/2023$33.00Sector Perform → Outperform
    National Bank Financial
    9/25/2023$45.00Outperform → Strong Buy
    Raymond James
    9/23/2022$49.00Buy
    TD Securities
    6/30/2022$49.50Neutral → Outperform
    Credit Suisse
    11/4/2021$61.00 → $65.00Outperform
    RBC Capital
    10/13/2021$62.00 → $63.00Overweight
    Wells Fargo
    More analyst ratings

    $BIP
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13D/A filed by Brookfield Infrastructure Partners LP (Amendment)

      SC 13D/A - Brookfield Infrastructure Partners L.P. (0001406234) (Subject)

      11/22/21 8:00:31 AM ET
      $BIP
      Marine Transportation
      Consumer Discretionary
    • SEC Form SC 13G filed

      SC 13G - Brookfield Infrastructure Partners L.P. (0001406234) (Subject)

      2/16/21 11:42:06 AM ET
      $BIP
      Marine Transportation
      Consumer Discretionary
    • SEC Form SC 13G/A filed

      SC 13G/A - Brookfield Infrastructure Partners L.P. (0001406234) (Subject)

      2/12/21 3:24:52 PM ET
      $BIP
      Marine Transportation
      Consumer Discretionary

    $BIP
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Brookfield Infrastructure Reports Solid First Quarter 2025 Results

      BROOKFIELD, News, April 30, 2025 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE:BIP, TSX:BIP) today announced its results for the first quarter ended March 31, 2025. "We delivered solid financial results during the quarter, underpinned by our strong balance sheet and growing cash flow that is highly contracted and indexed to inflation," said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. "We expect to deliver strong performance through economic uncertainty and market cycles, with some of our best investment opportunities materializing during these types of periods."  For the three monthsended March

      4/30/25 7:00:27 AM ET
      $BIP
      Marine Transportation
      Consumer Discretionary
    • 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) 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

      4/3/25 10:39:02 PM ET
      $BIP
      Marine Transportation
      Consumer Discretionary
    • Brookfield Infrastructure to Host First Quarter 2025 Results Conference Call

      BROOKFIELD, NEWS, April 02, 2025 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners will hold its first quarter 2025 conference call and webcast on Wednesday, April 30, 2025 at 9:00 a.m. (ET). Results will be released that morning before 7:00 a.m. (ET) and will be available on our website at https://bip.brookfield.com. Participants can join by conference call or webcast. Conference Call Please pre-register at: BIP2025Q1ConferenceCallUpon registering, you will be emailed a dial-in number and unique PIN. This process will bypass the operator and avoid the queue. Webcast Please join and register at: BIP2025Q1Webcast About Brookfield Infrastructure Brookfield Infrastructure is a l

      4/2/25 4:05:00 PM ET
      $BIP
      Marine Transportation
      Consumer Discretionary

    $BIP
    Leadership Updates

    Live Leadership Updates

    See more
    • Evoque Announces Executive Leadership Appointment

      DALLAS, May 17, 2023 (GLOBE NEWSWIRE) -- Evoque, a leading provider of colocation, build-to-suit data centers, and full-stack cloud engineering, today announced the appointment of Spencer Mullee as CEO, effective immediately. Spencer brings with him over 25 years of experience managing data centers in the US and internationally, which will position Evoque for continued growth.   Most recently Spencer held the role of CEO at DCI Data Centers, where he was responsible for leading the development and execution of the company's long-term data center growth strategy within Australia and the greater Asia Pacific region. DCI was acquired by Brookfield's Infrastructure Group in 2019. Under Spen

      5/17/23 1:00:00 PM ET
      $BIP
      Marine Transportation
      Consumer Discretionary

    $BIP
    SEC Filings

    See more
    • SEC Form 6-K filed by Brookfield Infrastructure Partners LP Limited Partnership Unit

      6-K - Brookfield Infrastructure Partners L.P. (0001406234) (Filer)

      1/21/22 4:13:12 PM ET
      $BIP
      Marine Transportation
      Consumer Discretionary
    • SEC Form CERT filed by Brookfield Infrastructure Partners LP Limited Partnership Unit

      CERT - Brookfield Infrastructure Partners L.P. (0001406234) (Filer)

      1/21/22 10:20:24 AM ET
      $BIP
      Marine Transportation
      Consumer Discretionary
    • SEC Form 6-K filed by Brookfield Infrastructure Partners LP Limited Partnership Unit

      6-K - Brookfield Infrastructure Partners L.P. (0001406234) (Filer)

      1/21/22 9:04:51 AM ET
      $BIP
      Marine Transportation
      Consumer Discretionary

    $BIP
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Jefferies initiated coverage on Brookfield Infrastructure

      Jefferies initiated coverage of Brookfield Infrastructure with a rating of Buy

      2/27/24 6:51:25 AM ET
      $BIP
      Marine Transportation
      Consumer Discretionary
    • Brookfield Infrastructure downgraded by National Bank Financial

      National Bank Financial downgraded Brookfield Infrastructure from Outperform to Sector Perform

      1/30/24 7:07:28 AM ET
      $BIP
      Marine Transportation
      Consumer Discretionary
    • Brookfield Infrastructure upgraded by National Bank Financial with a new price target

      National Bank Financial upgraded Brookfield Infrastructure from Sector Perform to Outperform and set a new price target of $33.00

      10/18/23 8:54:34 AM ET
      $BIP
      Marine Transportation
      Consumer Discretionary

    $BIP
    Financials

    Live finance-specific insights

    See more
    • Brookfield Infrastructure Reports Solid First Quarter 2025 Results

      BROOKFIELD, News, April 30, 2025 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE:BIP, TSX:BIP) today announced its results for the first quarter ended March 31, 2025. "We delivered solid financial results during the quarter, underpinned by our strong balance sheet and growing cash flow that is highly contracted and indexed to inflation," said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. "We expect to deliver strong performance through economic uncertainty and market cycles, with some of our best investment opportunities materializing during these types of periods."  For the three monthsended March

      4/30/25 7:00:27 AM ET
      $BIP
      Marine Transportation
      Consumer Discretionary
    • 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) 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

      4/3/25 10:39:02 PM ET
      $BIP
      Marine Transportation
      Consumer Discretionary
    • Brookfield Infrastructure to Host First Quarter 2025 Results Conference Call

      BROOKFIELD, NEWS, April 02, 2025 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners will hold its first quarter 2025 conference call and webcast on Wednesday, April 30, 2025 at 9:00 a.m. (ET). Results will be released that morning before 7:00 a.m. (ET) and will be available on our website at https://bip.brookfield.com. Participants can join by conference call or webcast. Conference Call Please pre-register at: BIP2025Q1ConferenceCallUpon registering, you will be emailed a dial-in number and unique PIN. This process will bypass the operator and avoid the queue. Webcast Please join and register at: BIP2025Q1Webcast About Brookfield Infrastructure Brookfield Infrastructure is a l

      4/2/25 4:05:00 PM ET
      $BIP
      Marine Transportation
      Consumer Discretionary