Gowling WLG advises Tundra Energy Marketing on CDN$1.075-billion acquisition

01 December 2016

Gowling WLG advised Tundra Energy Marketing Limited on CDN$1.075-billion Enbridge South Prairie Region Pipeline System acquisition from Enbridge Income Fund Holdings Inc.

On December 1, 2016, Tundra Energy Marketing Limited (TEML) completed its acquisition of the Enbridge South Prairie Region Pipeline System for CDN$1.075-billion from an affiliate of Enbridge Income Fund Holdings Inc.

The Enbridge South Prairie Region Pipeline System includes over 1,600km of crude oil and liquids gathering pipelines, approximately 547km of trunk line and 4 truck terminals.

TEML is a private midstream company and is a wholly-owned subsidiary of James Richardson & Sons, Limited, a private company which was established in 1857.

Gowling WLG advised TEML on the regulatory aspects of the transaction with a team led by James Smellie and John Cusano that included Marc Matras, Peter Morrison and articling student Krista Isberg.

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