Kirkland Advises Brookfield Infrastructure on Acquisition of Colonial Enterprises

Kirkland & Ellis advised Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) and its institutional partners on a definitive agreement to acquire 100% of the world-class midstream asset portfolio Colonial Enterprises, which includes the Colonial Pipeline, for an enterprise value of approximately $9 billion or 9x EBITDA. Colonial is comprised of the largest refined products system in the U.S., spanning approximately 5,500 miles between Texas and New York. The transaction is expected to close in the second half of 2025, subject to customary closing conditions.

Read Brookfield's press release

The Kirkland team included corporate lawyers Kim Hicks, Brittany Sakowitz and Nick Lewis; debt finance lawyers Roald Nashi and Jacqueline Trudeau; real asset transactions lawyer Chad Smith; and energy regulatory lawyer Andrew DeVore.