Teekay LNG sells to Stonepeak, rebrands as Seapeak

Company

Stonepeak

Law Firm / Organization
Simpson Thacher & Bartlett LLP

Company

Teekay LNG Partners L.P.

Law Firm / Organization
Squire Patton Boggs
Law Firm / Organization
Perkins Coie LLP

Investment vehicles managed by Stonepeak, a U.S.-based alternative investment firm, completed the acquisition of Teekay LNG Partners L.P., a leading independent owner and operator of liquefied natural gas (LNG) carriers. Following the acquisition, Teekay LNG rebranded as Seapeak LLC.

As part of the transaction, all common units of Teekay LNG were converted into the right to receive $17.00 per unit in cash. Consequently, these common units were delisted from the New York Stock Exchange (NYSE).

Merger & Acquisition
Energy
Undisclosed/Confidential
Closed
13 January 2022