Brookfield Infrastructure Announces the Acquisition of Colonial Enterprises

Core Insights - Brookfield Infrastructure Partners L.P. and its institutional partners have agreed to acquire Colonial Enterprises, including the Colonial Pipeline, for an enterprise value of approximately $9 billion, representing 9x EBITDA [1][2] - The Colonial Pipeline is the largest refined products system in the U.S., covering about 5,500 miles from Texas to New York, and has a strong performance history with high utilization [1] - The equity investment from Brookfield Infrastructure is expected to be$500 million, accounting for about 15% of the total equity investment, funded through capital recycling initiatives [2] Company Overview - Brookfield Infrastructure is a global infrastructure company that owns and operates long-life assets in utilities, transport, midstream, and data sectors across the Americas, Asia Pacific, and Europe [3] - The company focuses on assets with contracted and regulated revenues that provide predictable and stable cash flows [3] - Brookfield Infrastructure is part of Brookfield Asset Management, which manages over $1 trillion in assets [4]