Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Southwest Gas Holdings Closes Acquisition of Questar Pipeline from Dominion Energy.

Document Cited in Related
Vincent

MANews-(C)2009-2022

US-based natural gas distributor Southwest Gas Holdings, Inc. (NYSE: SWX) has completed the acquisition of Dominion Energy Quester Pipeline, LLC, and its subsidiaries and certain affiliates, the company said.

The USD 1.545bn cash deal was announced last October.

Southwest Gas Holdings, Inc. has also created a new subsidiary named MountainWest Pipelines Holding Company (MountainWest) that owns the Questar Pipeline Entities.

The Questar Pipeline Entities will be rebranded under the MountainWest brand during the first half of 2022.

MountainWest provides 2,160 miles of highly contracted, FERC-regulated interstate natural gas pipelines in the Rocky Mountain region.

Colleen Larkin Bell will lead the MountainWest entities as president who will report to Karen Haller, executive vice president, Southwest Gas Holdings.

The acquisition is expected to be accretive to Southwest Gas Holdings' earnings per share in 2022.

Lazard FrÃres and Co. LLC served as the exclusive financial advisor to Southwest Gas Holdings, while Morrison and Foerster LLP served as legal advisor to the company.

Southwest Gas Holdings, Inc., through its subsidiaries, engages in the business of purchasing, distributing and transporting natural gas, and providing comprehensive...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT