Apr 4, 2025 - Business

Colonial Pipeline being sold for $9 billion

Dan Primack

Colonial Pipeline tank — Photo: Samuel Corum/Bloomberg via Getty Images

Brookfield Infrastructure Partners on Friday agreed to acquire the Colonial Pipeline, which stretches 5,500 miles from Houston to New York, for around $9 billion (including debt).

Why it matters: Scarcity. There are tons of government hurdles to building new pipelines in the U.S., despite Trump's all-in energy policies, and tariffs could make new construction even more daunting.

Zoom in: The deal formally is for the midstream asset portfolio of Colonial Enterprises, which includes Colonial Pipeline.

BIP will invest $500 million, or around 15% of the total equity commitment, funded by recycled capital.

Thought bubble, from Axios' Ben Geman: "The need for products carried by pipelines like Colonial will remain robust in the pivot away from the pivot away from fossil fuels."

Add Axios on Google

Colonial Pipeline being sold for $9 billion

What to read next