PFM Capital, InstarAGF join $90.5 mln financing of Steel Reef
Steel Reef Infrastructure Corp, a Calgary-based midstream company, has raised $90.5 million in financing. The deal was backed by domestic and global investors, including PFM Capital, a Canadian private equity firm, and InstarAGF Asset Management, a Canadian infrastructure and real assets investment firm. Founded in 2012, Steel Reef owns and operates processing and transportation facilities in Western Canada that service the production and processing of oil, natural gas and natural gas liquids. To date, the company has deployed $390 million to its portfolio of assets. President and CEO Scott Southward said the funds raised will be used to expand Steel Reef's infrastructure service offering in key geographies.
8 February 2019•3 mins read
