Black Bear Transmission LLC acquired Ozark Gas Transmission, L.L.C. and Ozark Gas Gathering, L.L.C. from Spectra Energy Partners, LP for approximately $43 million.
April 31, 2020
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Black Bear Transmission LLC acquired Ozark Gas Transmission, L.L.C. and Ozark Gas Gathering, L.L.C. from Spectra Energy Partners, LP on April 1, 2020. TD Securities Inc. acted as financial advisor to Spectra Energy Partners, LP. Barclays Capital Inc. acted as financial advisor to Black Bear Transmission LLC.
Black Bear Transmission LLC completed the acquisition of Ozark Gas Transmission, L.L.C. and Ozark Gas Gathering, L.L.C. from Spectra Energy Partners, LP for approximately $43 million on April 1, 2020. The consideration is subject to customary closing adjustments. Karen Smith and Noelle Alix of Vinson & Elkins LLP and Morgan, Lewis & Bockius LLP acted as legal advisors to Basalt Infrastructure partners, parent of Black Bear Transmission LLC. Deb Gitomer of Norton Rose Fulbright US LLP acted as a legal advisor to Enbridge Inc., parent company of Spectra Energy Partners, LP.
Spectra Energy Partners, LP is a United States-based company. The Company provides pipeline and storage facilities for master limited partnerships businesses in the United States with expanding natural gas, crude oil, and liquids markets. It offers pipeline services for growing supply areas to demanded markets for natural gas and crude oil.
Black Bear Transmission LLC acquired Ozark Gas Transmission, L.L.C. and Ozark Gas Gathering, L.L.C. from Spectra Energy Partners, LP for approximately $43 million.