Energy midstream giant Tallgrass Energy, which operates 10,000-plus miles of natural gas and oil pipelines and storage systems across the Lower 48, has clinched a new partner that is bringing in a bundle of funding.
The Canada Pension Plan Investment Board (CPP Investments) said it reached an agreement to invest $843 million in Tallgrass, now majority sponsored by private equity giant Blackstone.
“With a business strategy that combines traditional energy and decarbonization solutions, Tallgrass is an attractive investment opportunity because of its dual role in delivering against growing energy needs and increasing decarbonization opportunities,” CPP Investments’ Bill Rogers, global head of sustainable energies, said.
