Plains NGL business Acquired by Keyera | Energy M&A Deal

Keyera has agreed to acquire the Plains NGL business, a midstream energy business in Texas, for an undisclosed amount. Plains’ NGL operations support natural gas liquids logistics through pipeline, fractionation, storage, and related infrastructure spanning Canada and the U.S. Gulf Coast, strengthening Keyera’s midstream acquisition footprint. The planned divestiture acquisition is part of energy M&A as Keyera acquisitions expand strategic acquisition capabilities in energy deals TX. The announced strategic acquisition follows a Canadian Competition Bureau filing that does not block closing, with the parties targeting completion in May 2026.