Enbridge to enter joint venture with WhiteWater/I Squared Capital and MPLX to connect Permian Basin natural gas supply to growing LNG and USGC demand
Acquiring Company
Enbridge
Acquired Company
WhiteWater
CalgaryEnergyOil And GasRenewable EnergyOtherEnergyOil And GasFinancial ServicesMedia And EntertainmentEventsDescription
Enbridge Inc. has announced a definitive agreement with WhiteWater/I Squared Capital and MPLX LP to form a joint-venture that will develop, construct, own, and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to growing LNG and U.S. Gulf Coast demand. The joint venture, in which Enbridge will hold a 19% equity interest, is expected to unlock future growth opportunities for Enbridge to connect sustainable natural gas production to export markets as part of its USGC strategy.
Quick answer
Enbridge is acquiring WhiteWater, announced March 26, 2024. Enbridge is based in Calgary, Alberta, Canada.
- How much did Enbridge pay for WhiteWater?
- The deal value was not disclosed.
- What does Enbridge do?
- Enbridge Inc., a Canadian Company, is a North American leader in delivering energy.
- Where are Enbridge and WhiteWater based?
- Enbridge is based in Calgary, Alberta, Canada.
- Who are the decision-makers at Enbridge?
- Fundz holds 1 contact at Enbridge. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired WhiteWater?
WhiteWater was acquired by Enbridge, based in Calgary. The deal was reported on March 26, 2024. Enbridge Inc., a Canadian Company, is a North American leader in delivering energy. Enbridge is publicly traded (ENB) and operates in Energy.
When did Enbridge acquire WhiteWater?
Enbridge's acquisition of WhiteWater was reported on March 26, 2024. Enbridge Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does WhiteWater do?
WhiteWater is an Austin based infrastructure company founded in 2016. WhiteWater has partnered with multiple private equity funds and direct investors since inception. For more information about WhiteWater, visit www.whitewatermidstream.com. It is privately held, operating in Other.
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