Enbridge Buys Blackstone's Tallgrass for $2.55 Billion
PUBLISHED Sep 10, 2026, 11:23 AM ET
Enbridge Inc has agreed to acquire Blackstone Inc stake in Tallgrass Energy Partners for 2.55 billion dollars in cash to expand its midstream infrastructure footprint across the United States. The transaction provides Calgary based Enbridge with full operational control over an extensive network of crude oil and natural gas pipelines spanning multiple states. Blackstone initially acquired its position in Tallgrass through a take private transaction completed in 2019 alongside other institutional investors. The multi billion dollar agreement reflects broader North American energy sector consolidation aimed at securing reliable transport capacity amid surging domestic crude production and volatile global market conditions. Enbridge plans to fund the purchase using a combination of existing cash reserves and newly issued debt facilities. Antitrust and regulatory filings will be submitted to United States federal authorities later this month, with corporate closing anticipated before the end of the fourth quarter pending standard regulatory clearances.
By Ayesha A. | JQJO News
- Articles Published:
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- Distribution:
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Left: Emphasizes corporate consolidation risks and federal antitrust regulatory oversight scrutiny. Center: Reports financial transaction details, asset valuations, and strategic market motivations. Right: Highlights capital investment growth, private equity returns, and infrastructure efficiency.
Enbridge announced acquisition of Blackstone Tallgrass stake for 2.55 billion. https://www.reuters.com/markets/deals/enbridge-buy-blackstone-stake-tallgrass-energy-255-bln-2026-09-11/
Coverage of Story:
From Left
Federal regulators face upcoming review of Enbridge Tallgrass pipeline deal
Politico New York Times Washington Post San Francisco ChronicleFrom Center
Enbridge to buy Blackstone stake in Tallgrass Energy for 2.55 billion dollars
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Enbridge Reaches Deal to Buy Blackstone Pipeline Stake for 2.55 Billion
Wall Street Journal
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