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Dt Midstream Closes On Purchase Of Additional Ownership In Millennium Pipeline

Oct 07, 2022about 3 years ago

Acquiring Company

DT Midstream

Acquired Company

Ownership

DetroitOil And GasNatural ResourcesEnergySustainability

Description

DT Midstream, Inc. (NYSE: DTM) today announced that it has closed on the $552 million purchase of an additional 26.25% ownership interest in Millennium Pipeline from National Grid.

Company Information

Company

DT Midstream

Location

Detroit, Michigan, United States

About

DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment, and surface facilities. We transport clean, natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada.

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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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Success factor
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