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).