Norton Rose Canada is acting as Canadian legal adviser to Provident Energy Ltd. on the C$3.2 billion acquisition of the company by Pembina Pipeline Corporation.

The combined company will have a market capitalization of C$7.9 billion and total enterprise value of C$10 billion, making it one of the largest publicly traded energy infrastructure companies in Canada. Provident’s natural gas liquids extraction, storage and transportation services will be added to Pembina’s 7,500 kilometre (4,661 mile) pipeline network.

Jack MacGillivray, Calgary managing partner at Norton Rose Canada said:

“Pembina’s acquisition of Provident is a big start to the year for Canadian energy deals, and it was very rewarding for our team to be involved. It is the most significant Canadian midstream corporate deal in recent years. This transaction will create one of the strongest energy infrastructure players in Canada, with tremendous growth opportunities for the new company.”

The team is being led by Jack MacGillivray, with assistance from Calgary partners Justin Ferrara, Scott Negraiff, Darren Hueppelsheuser, John Carleton and Chrysten Perry, and associates Stefan Ali, Brad Schneider, Jason Giborski and Fraser Bush.