AltaGas sells Canadian Midstream and Power Assets to Birch Hill Equity Partners

On February 1, 2019, AltaGas Ltd. sold certain of its Canadian midstream and power assets to affiliates of Birch Hill Equity Partners for $165 million. The sale included selected non-core smaller scale gas midstream and power assets in Canada, as well as AltaGas’s commercial and industrial customer portfolio in Canada, and also included the 43.7 million shares of Tidewater Midstream and Infrastructure Inc., which AltaGas held and which were sold to Birch Hill in September 2018. 

Stikeman Elliott LLP acted for AltaGas with a team consisting of Kurtis Reed, Fred Erickson, Stephen Wintermute (Commercial), Susan Hutton and Megan MacDonald (Competition), Dennis Langen and Vince Light (Regulatory), Julie D’Avignon and Kevin Guenther (Tax), Cheryl Rea (Employment), Chris Nixon, Patrick McNally and Prateek Gupta (Securities). 

Davies Ward Phillips & Vineberg LLP acted for Birch Hill Equity Partners with a team consisting of Patrick Barry, Jennifer Grossklaus, Sarah Elharrar and Michael Rafalovich (Commercial), Sarah Powell (Environmental/Regulatory), Derek Vesey and Devon Comstock (Banking) and James Dinning (Competition).