Northwest Natural (NWN) said Monday it agreed to acquire SiEnergy Operating from SiEnergy Capital Partners for $273 million in cash, along with the assumption of $152 million debt.
Northwest Natural said it plans to close the transaction in Q1 2025 and on completion, SiEnergy will become its wholly-owned unit.
The company said it will fund the transaction with a committed interim term loan from J.P. Morgan Securities.
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