Veresen Inc.

Veresen Inc. in the sale of its power generation business for $1.18 billion


Veresen Inc.


$1.18 billion


Mergers and Acquisitions

Date Closed

August 2017


Energy (Oil & Gas)

Lead Office



On August 30, 2017, Veresen Inc. ("Veresen")  completed a suite of separate agreements to sell its power generation business for $1.18 billion.

The sale involved a series of three transactions to three separate buyers in the respective asset categories of: renewable generating assets in Ontario and British Columbia; gas-fired generating assets in Ontario and waste heat generating assets in British Columbia; and district energy asset facilities located in London, Ontario and Charlottetown, Prince Edward Island.

Veresen, now part of Pembina Pipeline Corporation, is a leading North American energy transportation and service provider based in Calgary, Alberta that operates through four segments – conventional pipelines, oil sands and heavy oil, gas services and midstream.

Osler, Hoskin & Harcourt LLP represented Veresen with a team consisting of Paula Olexiuk (Energy), Jake Sadikman (Commercial), Elliot Smith (Energy), Richard King, Sander Duncanson, and Justin Fontaine (Regulatory), Bob Lehodey, Kevin Lemke, Dana Saric, and Kelsey Armstrong (Corporate), Nathan White (Litigation), Damian Rigolo (Employment and Labour), Shuli Rodal (Competition), Ted Thiessen and Alan Kenigsberg (Taxation), Adrian Hartog and Matthew Ritchie (Real Estate), Natalie Munroe and the Osler Works Transactional team.

Paula Olexiuk - Energy and Construction Lawyer

Paula Olexiuk

Partner, Energy

Jacob A.  Sadikman

Jacob A. Sadikman

Partner, Commercial

Elliot A. Smith

Elliot A. Smith

Partner, Commercial

Richard J. King

Richard J. King

Partner, Regulatory, Environmental, Aboriginal and Land

Sander Duncanson

Sander Duncanson

Partner, Regulatory, Environmental, Aboriginal and Land

Fontaine, Justin C.A.

Justin Fontaine

Associate, Regulatory, Environmental, Aboriginal and Land

Robert Lehodey - Private Equity and VC Lawyer

Robert Lehodey, QC

Partner, Corporate

Dana Saric

Dana Saric

Partner, Banking and Financial Services

Kelsey  Armstrong

Kelsey Armstrong

Associate, Corporate

White, Nathan

Nathan White

Associate, Litigation

Damian  Rigolo

Damian Rigolo

Partner, Employment & Labour

Shuli Rodal - Competition Lawyer

Shuli Rodal

Partner, Competition/Antitrust & Foreign Investment

 Alan Kenigsberg - Cross-border tax lawyer

Alan Kenigsberg

Partner, Taxation

Adrian  Hartog

Adrian Hartog

Partner, Real Estate

Matthew Ritchie

Matthew Ritchie

Associate, Real Estate

Natalie Munroe

Natalie Munroe

Head, Osler Works — Transactional