Northern Lakeland Indigenous Alliance
Northern Lakeland Indigenous Alliance has acquired a $100,000,000 equity interest in the Access NGL Pipeline System
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Northern Lakeland Indigenous Alliance has acquired a $100,000,000 equity interest in the Access NGL Pipeline System. MNP Corporate Finance Inc. acted as exclusive financial advisor and debt placement monitor to Northern Lakeland Indigenous Alliance in this transaction.
Transaction Brief
MNP Corporate Finance advised the Northern Lakeland Indigenous Alliance, composed of five Indigenous and Metis communities, in securing an Alberta Indigenous Opportunities Corporation (“AIOC”) backstopped debt issuance. This included facilitating a $100 M equity investment to acquire an approximately 43% interest in the Access NGL Pipeline System, operated by Wolf Midstream Canada LP. Wolf Midstream is a leading Canadian owner and operator of midstream energy infrastructure in Western Canada.
This transaction will provide the Indigenous communities that are part of the alliance with steady, long-term revenue streams, as well as opportunities for reinvestment and capabilities to pursue additional profit-generating ventures.