Brookfield-led group to acquire Niska Gas Storage for $912 mln
Niska Gas Storage Partners LLC (NYSE: NKA), a midstream natural gas services provider with primary offices in Radnor, Pennsylvania and Calgary, recently agreed to be bought by an investor group led by Brookfield Infrastructure. The transaction is valued at about $912 million, including the assumption of debt, and is expected to be completed in the second half of 2016. In connection with the deal, Brookfield has committed to lend up to $50 million to Niska for working capital purposes. Niska is currently a portfolio company of U.S. private equity firms Riverstone Holdings and The Carlyle Group. A fund affiliated with the two investors bought Niska from Encana Corp in 2006.
23 June 2015•5 mins read
