Terramont Acquires Majority Stake in Canada’s Top Gas Compression Firm

The deal strengthens Terramont’s position in North America’s midstream infrastructure market as Bull Moose expands its compression and power generation operations.

(P&GJ) — Terramont Infrastructure Partners has acquired a majority interest in Bull Moose Capital Ltd., Canada’s largest provider of natural gas compression and power generation solutions.

The investment marks a move by Terramont to expand its midstream and infrastructure portfolio across North America’s natural gas market. Financial terms of the deal were not disclosed.

Founded in 2004 and headquartered in Calgary, Bull Moose operates the country’s largest compression fleet and provides custom-engineered systems for the natural gas processing and transportation sectors. Its assets support midstream operations in some of the continent’s lowest-cost basins.

“Bull Moose is very excited to partner with Terramont to execute our next phase of growth with Terramont’s experience in scaling middle-market businesses,” said Steve Kolber, CEO of Bull Moose. “The combination of Terramont’s infrastructure financing expertise with Bull Moose’s gas compression and industry knowledge will drive even more value to our customers as we expand geographically and increase our focus on larger energy infrastructure.”

Terramont Co-Managing Partners Vikram Singh and Michael Lehman said the acquisition aligns with the firm’s strategy of investing in critical infrastructure and partnering with established management teams. “We are very excited to partner with Steve Kolber and Davis Aycock. Their experience, customer-centric commitment, and vision are unmatched in the industry,” they said.

Stikeman Elliott and K&L Gates served as legal advisors to Terramont.