Brookfield Infrastructure to acquire Colonial Enterprises (Shell stake)
July 31, 2025
Shell Midstream Operating LLC agreed to sell its 16.125% interest in Colonial Enterprises, Inc. to Colossus AcquireCo LLC, a wholly owned subsidiary of Brookfield Infrastructure Partners L.P., for $1.45 billion. The broader transaction involved Brookfield acquiring Colonial from all co-owners, with Shell divestment expected to close in Q4 2025; the Shell sale was later reported as completed in July 2025.
- Buyers
- Colossus AcquireCo LLC, Brookfield Infrastructure Partners L.P.
- Targets
- Colonial Enterprises, Inc.
- Sellers
- Shell Midstream Operating LLC, Koch Capital Investments Company, LLC, KKR-Keats Pipeline Investors, L.P., Caisse de dépôt et placement du Québec, IFM Investors (IFM)
- Platforms
- Colossus AcquireCo LLC
- Industry
- Transportation
- Location
- United States
- Transaction Type
- Buyout
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