Algonquin Power & Utilities Corp.’s $70 Million Acquisition of St. Lawrence Gas Company, Inc.


Bracewell LLP is representing Enbridge Gas Distribution Inc. in connection with its entry into a definitive agreement for the sale of St. Lawrence Gas Company, Inc. (St. Lawrence Gas) and its subsidiaries to Liberty Utilities Co., a wholly owned subsidiary of Algonquin Power & Utilities Corp., for a cash sale price of U.S. $70 million, minus total third-party debt of St. Lawrence Gas at closing, and subject to customary working capital adjustments.

Closing of the transaction remains subject to certain required regulatory approvals and other customary closing conditions, and is expected to occur in 2018.

Enbridge Gas Distribution Inc. operates as a rate-regulated natural gas distribution utility company in Canada. The company, led by Cynthia Lynn Hansen, William Mario Ramos, John D. Oakley, Al Monaco and Allison M. Ferrier is based in Toronto.

Bracewell advised with a team including Jason M. Jean (Picture), Scott C. Sanders, Rebecca L. Baker, Timothy A. Wilkins and Elizabeth L. McGinley, Vivian Y. Ouyang, Tamara L. McKinzie Lytch T. Gutmann, W. Jared Berg and Ryan Davis.

Involved fees earner: Jason Jean – Bracewell & Giuliani; Vivian Ouyang – Bracewell & Giuliani; Tamara McKinzie – Bracewell & Giuliani; Lytch Gutmann – Bracewell & Giuliani; Jared Berg – Bracewell & Giuliani; Ryan Davis – Bracewell & Giuliani; Scott Sanders – Bracewell & Giuliani; Rebecca Baker – Bracewell & Giuliani; Timothy Wilkins – Bracewell & Giuliani; Elizabeth McGinley – Bracewell & Giuliani;

Law Firms: Bracewell & Giuliani;

Clients: Enbridge Gas Distribution Inc. ;

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Author: Ambrogio Visconti