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SemGroup and KKR Form Canadian Joint Venture and Acquire Meritage Midstream ULC

SemGroup is partnering with industry-leading investor KKR in a joint venture to create a Canadian midstream infrastructure platform. The new JV company – SemCAMS Midstream – will acquire Meritage Midstream ULC and its midstream assets in the prolific Montney resource play.

The transactions enable SemGroup to grow its Canadian footprint while ensuring greater growth funding certainty for the new company and immediately strengthening SemGroup’s capital position.

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