The Deal Register
Database › M&A › Keyera Corp. / Remaining

M&A

Keyera Corp. / Remaining

Lane
M&A
Announced
17 Jun 2026
Province
Alberta
Industry
Unclassified
Status
Announced
What the filing says
Keyera Corp. (TSX: KEY ) ("Keyera" or the "company") today announced closing of the acquisition of the remaining 50% non-operating interest in the KAPS Pipeline from Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, for $1.215 billion, pursuant to the terms of a definitive agreement dated June 17, 2026.
Consideration
$525MM
Credits
RBC Capital Markets (financial advisor); Scotia Capital Inc (financial advisor); Sidley Austin LLP, Stikeman Elliott LLP (legal advisor)
consideration form
all cash“Enhanced quality and durability of Keyera cash flows: KAPS is supported by long-term contracts and stable fee-based 1 cash flows, further improving the quality, visibility, and durability of Keyera's overall cash flow profile.”
multiple EBITDA
11x (2029 EBITDA 1 based on currently contracted volumes)“Including the remaining capital required to complete Zone 4, the transaction implies an acquisition multiple of approximately 11 times 2029 EBITDA 1 based on currently contracted volumes, and does not reflect upside from future contracting opportunities.”
Source

Compiled from public filings, court documents, exchange bulletins and issuer releases. Figures are as disclosed and are not independently verified.

Not financial, investment, legal or tax advice, and not an offer to buy or sell any security. Verify everything before you transact.

The Deal Register · Archive · Subscribe