Apollo has announced that Apollo-managed funds have agreed to acquire a 40 percent stake in Pembina Gas Infrastructure, a premier gas processing entity in Western Canada, from funds managed by KKR. Pembina Pipeline Corp., which operates and manages PGI’s facilities, will maintain its 60 percent stake in the company and the existing governance structure will remain unchanged upon closing.
Since its formation as a joint venture between Pembina and KKR in 2022, PGI has grown into one of the largest independent gas processing platforms in Western Canada, with a combined processing capacity of approximately 5 billion cubic feet per day. PGI currently operates 23 gas processing plants, approximately 3,900 kilometers of gathering pipelines and approximately 330,000 barrels per day of NGL extraction capacity. With connectivity to major gas transmission networks in the region, the company is strategically positioned to serve its blue-chip customer base throughout the Montney and Duv
