Brookfield Infrastructure to acquire Colonial Enterprises (Shell stake)

Brookfield to Acquire 19.7% Indirect Stake in Duke Energy Florida for $6B

August 5, 2025

Utilities

Duke Energy announced a definitive agreement for Brookfield to acquire a 19.7% indirect equity interest in Duke Energy Florida for $6 billion in cash. Duke Energy will retain 80.3% and continue to operate the utility, with the investment supporting Duke Energy Florida’s grid modernization, resiliency projects, and generation enhancements while also strengthening Duke Energy’s balance sheet.

Energy Transfer Acquires Lotus Midstream for $1.45 Billion

March 27, 2023

Energy

Energy Transfer LP agreed to acquire Lotus Midstream Operations, LLC (owner of the Centurion Pipeline system) for approximately $1.45 billion from an affiliate of EnCap Flatrock Midstream. Consideration includes $900 million cash and ~44.5 million newly issued Energy Transfer common units; the deal expands Energy Transfer's Permian Basin crude pipeline and storage footprint and is expected to close in Q2 2023 subject to regulatory approvals.

Phillips 66 Increases Economic Interest in DCP Midstream

August 17, 2022

Oil & Gas

Phillips 66 realigned joint-venture interests with Enbridge to increase its economic stake in DCP Midstream, LP from 28.26% to 43.31%, and will oversee the joint venture’s interest in DCP including the General Partner. The transaction (which included a roughly $400 million cash contribution from Phillips 66 and merged Gray Oak Holdings into DCP Midstream) closed on August 17, 2022 and is intended to integrate Phillips 66’s NGL value chain from wellhead to market.

CorEnergy Acquires Crimson Midstream's California Pipeline Assets

February 4, 2021

Oil & Gas

CorEnergy Infrastructure Trust, Inc. agreed to acquire Crimson Midstream Holdings, LLC's California crude oil pipeline systems in a transaction valued at approximately $350 million. The deal expands CorEnergy's regulated midstream footprint across roughly 1,800 miles of pipeline, funded with cash, new borrowings, equity commitments and the contribution of the Grand Isle Gathering System to the sellers.

Energy Infrastructure Partners Acquires Minority Stake in Fluxys

February 22, 2023

Energy

Energy Infrastructure Partners (EIP), together with a consortium of Belgian institutional investors, acquired a 19.85% stake in Fluxys; Macquarie Asset Management provided acquisition debt financing to support the transaction. The investment — announced in September and completed in February 2023 after Belgian regulator approval — positions investors to support Fluxys' role in European gas infrastructure and its planned expansion into hydrogen and CO2 infrastructure.

Pembina Pipeline Acquires Enbridge's Interests in Alliance, Aux Sable and NRGreen

April 1, 2024

Energy

Pembina Pipeline Corporation completed the previously announced acquisition of Enbridge Inc.'s interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for approximately $3.1 billion. The deal increases Pembina's ownership of those midstream assets, was funded in part by a $1.28 billion subscription receipt offering, and prompted an upward revision to Pembina's 2024 adjusted EBITDA guidance.