Tidewater has made another acquisition to expand its infrastructure and processing in the WCSB; the newly acquired underutilized assets are near Tidewater’s flagship gas processing facility at Brazeau. The assets acquired will cost Tidewater $30 mm in cash and 43.7 mm common shares and are expected to generate ~$14.4 million of EBITDA in 2016; resulting in a an accretive acquisition multiple of ~6.0x.
The selling party, AltaGas Inc., now owns 19.9% of Tidewater’s outstanding common shares; the ....
03 Feb 2016
Tidewater Acquires 102 mmcf/d New Gas Processing Throughput from AltaGas for $87 mm
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Tidewater Acquires 102 mmcf/d New Gas Processing Throughput from AltaGas for $87 mm
Tidewater Midstream & Infrastructure Ltd. (TWM:TSE) | 0 0 5.3% | Mkt Cap: 457.2m
- Published:
03 Feb 2016 -
Author:
Steven I. Paget -
Pages:
5
Tidewater has made another acquisition to expand its infrastructure and processing in the WCSB; the newly acquired underutilized assets are near Tidewater’s flagship gas processing facility at Brazeau. The assets acquired will cost Tidewater $30 mm in cash and 43.7 mm common shares and are expected to generate ~$14.4 million of EBITDA in 2016; resulting in a an accretive acquisition multiple of ~6.0x.
The selling party, AltaGas Inc., now owns 19.9% of Tidewater’s outstanding common shares; the ....