ARB Midstream buys Sunwest Energy with help of BV Natural Resources
ARB Midstream LLC has expanded into Canada with its acquisition of Sunwest Energy Canada Ltd, a crude oil marketing and trading company based in Calgary. No financial terms were disclosed. Sunwest, which was established in 2004, will now operate under the new name of ARB Midstream Logistics Canada ULC. ARB, a Denver, Colorado-based midstream energy business, funded the deal in part by an equity commitment from its private equity backer, BV Natural Resources. The latter is an affiliate of Ball Ventures LLC, a U.S. real estate development, investment and lending company.
16 September 2015•3 mins read
