Columbia Pipelines Holding Company Revenue, Valuation, Funding & Investors

Columbia Pipelines Holding Company is valued at $13B as of October 2023, a 4.7x multiple on its last reported $2.8B revenue.

Last Columbia Pipelines Holding Company valuation

$13B

Secondary · Oct 2023

Columbia Pipelines Holding Company revenue

$2.8B

Secondary · Oct 2023

Key investors in Columbia Pipelines Holding Company

  • Global Infrastructure Partners

Columbia Pipelines Holding Company Overview

About Columbia Pipelines Holding Company

Columbia Pipelines Holding Company is a Houston-based holding entity that oversees operations of Columbia Gas and Columbia Gulf Transmission. It coordinates natural gas transmission across 15,000 miles of pipelines spanning from the Gulf Coast to New York. The subsidiaries manage interstate pipelines, storage fields, and gathering systems serving the Marcellus, Utica, and Gulf production regions. Established in 2015 ahead of a corporate spin-off, the holding company supports daily transport volumes exceeding 10 billion cubic feet to utilities and power plants in 16 states.


HQ

CanadaCalgary

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Revenue

$2.8B (Oct 2023)

Valuation

$13B (Oct 2023)

Columbia Pipelines Holding Company Valuation

Columbia Pipelines Holding Company is currently valued at $13B, based on its secondary sale in October 2023.

The $3.9B round was led by Global Infrastructure Partners.

Columbia Pipelines Holding Company valuation by funding round

Columbia Pipelines Holding Company valuation by funding round
DateStageValuationRevenue Multiple
Oct 2023Secondary$13B4.7x

Columbia Pipelines Holding Company Revenue

Columbia Pipelines Holding Company's latest recorded revenue is $2.8B, as of its secondary sale in October 2023. At a $13B valuation, that implies a 4.7x revenue multiple.

Columbia Pipelines Holding Company revenue by funding round

Columbia Pipelines Holding Company revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2023$2.8B$13B4.7xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Columbia Pipelines Holding Company Funding History

Columbia Pipelines Holding Company has 1 recorded secondary share sale and no primary funding rounds.

Columbia Pipelines Holding Company funding rounds

Columbia Pipelines Holding Company funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2023SecondaryGlobal Infrastructure Partners (lead)$3.9B$13BColumbia Pipelines Holding Company, LLC (CPHC) holds Columbia Pipelines Operating Company, LLC (CPOC), which owns Columbia Gas Transmission and Columbia Gulf Transmission, key natural gas pipeline systems. TC Energy contributed all equity interests in these subsidiaries to CPOC, forming the structure for the joint venture. Global Infrastructure Partners (GIP) acquired a 40% equity stake in CPHC from TC Energy for US$3.9 billion in cash (total proceeds C$5.2 billion), implying an enterprise value of approximately $9.75 billion at a 10.5 times multiple to TC Energy’s base 2023 EBITDA outlook under the expected run-rate capital structure. The transaction closed in Q4 2023, with TC Energy retaining 60% ownership and continuing to operate the assets. GIP and TC Energy will jointly fund annual maintenance, modernization, and growth capital expenditures averaging over US$1.3 billion (C$1.3 billion) annually for the next three years, split per equity ownership. TC Energy issued US$5.6 billion in senior unsecured notes via CPHC and CPOC in August 2023 to support the capital structure, with additional debt planned for 2024.

Who has invested in Columbia Pipelines Holding Company?

1 investor has backed Columbia Pipelines Holding Company across its funding rounds, including Global Infrastructure Partners.

Lead investors include Global Infrastructure Partners.


Columbia Pipelines Holding Company Investors

Investors in Columbia Pipelines Holding Company by funding rounds participated
InvestorHQRoundsRoleFirst check

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Columbia Pipelines Holding Company Competitors

Columbia Pipelines Holding Company competitors include listed companies like DT Midstream, Frontline, AltaGas and GAIL (India), and private ones like Northern Indiana Public Service Company and FirstEnergy Transmission.

Public and private companies comparable to Columbia Pipelines Holding Company
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DT MidstreamUnited StatesUnited StatesPublicly listed$1.2B$1B$13B12.3x
FrontlineUnited StatesUnited StatesPublicly listed$2B$929M$12B6.3x
AltaGasCanadaCanadaPublicly listed$9.1B$1.4B$12B2.1x
Northern Indiana Public Service CompanyUnited StatesGary, INPrivate$1.8B-$14B8.1x
GAIL (India)IndiaIndiaPublicly listed$15B$1.5B$12B0.9x
FirstEnergy TransmissionUnited StatesAkron, OHPrivate$1.9B-$12B6.3x

Columbia Pipelines Holding Company Public Comps

Columbia Pipelines Holding Company is still privately-owned, but its public comps include DT Midstream, Frontline, AltaGas, GAIL (India), GE Vernova T&D India, Hitachi Energy India, Keyera, Forgent Power Solutions, Keppel and Antero Midstream.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
DT Midstream$1.2B$1B13.0x12.3x15.7x13.5x
Frontline$2B$929M7.2x6.3x15.2x7.1x
AltaGas$9.1B$1.4B2.2x2.1x14.1x13.8x
GAIL (India)$15B$1.5B1.0x0.9x9.5x10.5x
GE Vernova T&D India$647M$170M17.7x15.5x67.5x58.7x
Hitachi Energy India$826M$125M17.2x13.9x113.8x85.8x
Keyera$4.9B$814M3.5x2.7x20.8x16.9x
Forgent Power Solutions$1.4B$249M7.9x6.8x44.9x29.3x

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Common questions about Columbia Pipelines Holding Company

Where is Columbia Pipelines Holding Company headquartered?Columbia Pipelines Holding Company is headquartered in Calgary, Canada.
Is Columbia Pipelines Holding Company publicly listed?No, Columbia Pipelines Holding Company is a private, VC-backed company.
What is Columbia Pipelines Holding Company's valuation?Columbia Pipelines Holding Company was last valued at $13B in its secondary sale in October 2023.
Who are Columbia Pipelines Holding Company's investors?Columbia Pipelines Holding Company's investors include Global Infrastructure Partners.
What is Columbia Pipelines Holding Company's revenue?Columbia Pipelines Holding Company's latest recorded revenue is $2.8B (October 2023).
What is Columbia Pipelines Holding Company's revenue multiple?Columbia Pipelines Holding Company's latest valuation implies a 4.7x revenue multiple ($13B valuation on $2.8B of revenue).
Which companies are comparable to Columbia Pipelines Holding Company?Companies comparable to Columbia Pipelines Holding Company include DT Midstream, Frontline, AltaGas, Northern Indiana Public Service Company, GAIL (India) and FirstEnergy Transmission.

See companies similar to Columbia Pipelines Holding Company

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