04:14 PM EDT, 03/19/2025 (MT Newswires) -- Brookfield Asset Management ( BAM ) may be nearing a deal to acquire the 5,500-mile-long Colonial Pipeline, Bloomberg News reported Wednesday, citing people familiar with the matter.

Bloomberg last October said Colonial was considering a sake. No decisions have been made yet and some of the investors may keep some or all of their stakes, the sources told Bloomberg.

Colonial, which owns a pipeline system from Houston to New Jersey, is jointly owned by affiliates of five entities, including Koch, KKR, Canadian pension fund Caisse de depot et placement du Quebec, Shell (SHEL), and IFM Investors.

Representatives for Brookfield, Colonial Pipeline, and the individual investors in the company, did not immediately respond to messages from MT Newswires seeking comment.

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