Deals
Colonial Pipeline Weighs Sale at $10 Billion-Plus Value
- Company is working with advisers to gauge buyer interest
- Colonial Pipeline is backed by investors including KKR, CDPQ
Storage tanks at a Colonial Pipeline Inc. facility in Avenel, New Jersey.
Photographer: Mark Kauzlarich/BloombergThis article is for subscribers only.
Colonial Pipeline Co., operator of the largest US fuel pipeline system, is weighing options including a sale that could value the company at more than $10 billion, people familiar with the matter said.
The Alpharetta, Georgia-based company is working with advisers as it seeks to gauge interest from potential buyers, according to the people, who asked not to be identified discussing confidential information. It could draw interest from financial institutions, such as infrastructure funds, as well as strategic suitors, one of the people said.