Birch Hill forms Campus Energy Partners to hold AltaGas assets
Campus Energy Partners LP, an affiliate of Canadian mid-market private equity firm Birch Hill Equity Partners, has closed the acquisition of certain natural gas midstream, power, and commercial and industrial marketing assets from AltaGas Ltd. The deal, announced in September, reflected a purchase price of about $165 million. Campus Energy, based in Calgary, was recently formed by Birch Hill to hold and operate the acquired assets. It will be led by President and CEO Jeremy Baines, formerly senior vice president of strategic projects with AltaGas. Baines said Campus Energy will be actively seeking opportunities to "grow our business both organically and through acquisitions.”
4 February 2019•2 mins read
