Enstor Acquires Black Bear Transmission from Basalt Infrastructure Partners

Infrastructure Investments Fund Acquires Enstor Gas from ArcLight

May 11, 2022

Energy

The Infrastructure Investments Fund (IIF), advised by J.P. Morgan Investment Management, has acquired Enstor Gas from an affiliate of ArcLight Capital Partners. Enstor, the largest privately owned U.S. natural gas storage company headquartered in Houston, will continue to operate its six underground storage facilities across Alabama, Mississippi, Texas and New Mexico.

Legence Acquires Black Bear Energy to Expand Renewable Energy Procurement Capabilities

July 19, 2022

Energy

Legence, a Blackstone portfolio company, has acquired Black Bear Energy to expand its onsite renewable energy procurement and clean-tech project capabilities. The deal strengthens Legence's ability to deliver end-to-end decarbonization solutions across the built environment.

TerraVest Industries Acquires EnTrans International

March 17, 2025

Manufacturing

TerraVest Industries Inc. has acquired EnTrans International, a North American manufacturer of tank trailers and specialty transportation equipment, for US$546 million plus up to US$46 million in contingent earn-out. The acquisition adds manufacturing capacity and complementary product lines (Heil, Polar, Kalyn Siebert, Jarco) across the United States, Mexico and Thailand and is intended to expand TerraVest's capabilities, cross-selling opportunities and geographic diversification.

Enterprise Products Partners Acquires Piñon Midstream for $950M

August 21, 2024

Energy

Enterprise Products Partners L.P. completed the acquisition of Piñon Midstream, LLC, a Black Bay Energy Capital portfolio company, for $950 million in cash. Piñon provides sour natural gas gathering and treating services (including acid gas injection and carbon sequestration) in the eastern flank of the Delaware Basin, and the deal expands Enterprise's footprint and capabilities in that region.

Enbridge Acquires Moda Midstream Operating for US$3.0 Billion

October 12, 2021

Oil & Gas

Enbridge Inc. has completed the acquisition of Moda Midstream Operating from Encap Flatrock Midstream for US$3.0 billion, gaining a 100% operating interest in the Ingleside Energy Center and associated pipeline and logistics assets. The deal also gives Enbridge a 20% interest in the Cactus II Pipeline and advances its U.S. Gulf Coast export strategy and connectivity to Permian and Eagle Ford reserves.

Enerplus Corporation Acquires Bruin E&P HoldCo, LLC for $465M

January 25, 2021

Energy

Enerplus Corporation agreed to acquire all of the outstanding shares of Bruin E&P HoldCo, LLC for US$465 million to expand its Williston Basin position. The acquisition adds ~24,000 BOE/d of production and 151,000 net acres (including 30,000 contiguous acres), and is expected to be immediately accretive to adjusted funds flow and free cash flow while improving Enerplus' drilling inventory and scale in the Bakken/Williston Basin.