Riverstone to commit $300 mln to Western Canada midstream opportunities
U.S. private equity firm Riverstone Holdings has agreed to commit up to US$300 million to Meritage Midstream Services III LP, a platform partnership focused on midstream deal opportunities in Western Canada's emerging resource plays. Riverstone will begin with an initial US$100 million commitment to the partnership, which plans to create a leading Western Canadian midstream company that is able to facilitate the delivery of hydrocarbon products to markets. Riverstone completed a number of energy deals in Canada last year, including a $675 million equity investment in Calgary's Canadian Non-Operated Resources LP, which the firm led.
10 April 2015•3 mins read
