Campus Energy Partners Takes Ownership of Certain AltaGas Energy Infrastructure and Supply Assets
Calgary, AB – February 1, 2019: Campus Energy Partners LP (“Campus Energy” or the “Company”) today announced the closing of the acquisition of certain natural gas midstream, power, and commercial and industrial marketing assets from AltaGas Ltd. (“AltaGas”).
Campus Energy Partners is a newly formed private entity owned by Birch Hill Equity Partners (“Birch Hill”).
The Company’s energy infrastructure assets are located throughout Western Canada and include two natural gas transmission pipeline systems, five natural gas gathering and processing facilities, an LNG processing facility, and two power peaking units. Its energy supply solutions include providing natural gas and electricity to customers in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario.
Campus Energy will be headquartered in Calgary and led by Jeremy Baines, newly appointed President and Chief Executive Officer. Baines was formerly Senior Vice President of Strategic Projects with AltaGas.
“We are a new company at Campus Energy, but we also have a long history of serving customers with energy solutions. As Campus Energy, we will continue to operate safely, provide customers with creative solutions, and be a contributor to the communities where we operate. We’ll also be actively seeking opportunities to grow our business both organically and through acquisitions,” said Baines.
“It’s an exciting time for Birch Hill when we add a new partner company. We look forward to working with Jeremy and his team of talented people at Campus Energy to build on their past successes as part of AltaGas. The new company has a strong base of assets and operations to build from so we look forward to expanding their customer reach and supporting their future growth plans,” said Michael Salamon, a Partner with Birch Hill.
Additional information on Campus Energy can be found at www.campusenergy.ca.
About Birch Hill Equity Partners
With over $3 billion in capital under management, 17 partner companies and 45 fully realized investments since 1994, Birch Hill is the leader in long-term value creation in the Canadian mid-market. For more information about Birch Hill Equity Partners, please visit www.birchhillequity.com.
Jeremy Baines – President and CEO – Campus Energy Partners