Veresen Inc.

Veresen Inc. in its $9.7 billion arrangement agreement with Pembina Pipeline Corporation

Client

Veresen Inc.

Value

$9.7 billion

Service

Mergers and Acquisitions

Date Closed

October 2017

Industry

Energy (Oil & Gas)

Lead Office

Calgary


 

On October 1, 2017, Veresen Inc. completed its arrangement agreement with Pembina Pipeline Corporation valued at $9.7 billion. The combination created one of the largest energy infrastructure companies in Canada with a pro-forma enterprise value of approximately $33 billion.

Veresen Inc. is a Calgary, Alberta-based energy infrastructure company with three main lines of business: Pipelines, Natural Gas and Power Generation.

Pembina Pipeline is a transportation, midstream and gas service provider that has been serving North America's energy industry for over 60 years.

Osler, Hoskin & Harcourt represented Veresen on the transaction, led by Noralee Bradley and Robert A. Lehodey, Q.C., with a team that included Kelsey Armstrong and Miju Damodar (Corporate), Ted Thiessen, Paul Seraganian, Corrine Grigoriu and Ramin Wright (Tax), Peter Glossop and Jaime Auron (Competition), and Jeremy Barretto (Regulatory).


Team
Robert Lehodey - Private Equity and VC Lawyer

Robert Lehodey Q.C.

Partner, Corporate

Kelsey  Armstrong

Kelsey Armstrong

Associate, Corporate

Miju Damodar

Miju Damodar

Associate, Banking and Financial Services

Paul Seraganian - Cross Border Tax Lawyer

Paul Seraganian

New York Managing Partner

Peter Glossop - Foreign Investment Lawyer

Peter Glossop

Partner, Competition/Antitrust & Foreign Investment