Gas transmission company acquisition

Oil refinery and gas processing plant

A team of CRA energy experts supported a large infrastructure investor and a gas transmission operator complete the transaction of the company and begin carve out from its previous group. The CRA consultants supported the executive team and asset manager through the first 100 days under new ownership focusing on maintaining business continuity and the establishment of a new Board and structures. External reviews of operations and management were performed with a focus on the risk and opportunities to enable constructive discussion on the future strategy of the company. Given the timing of the transaction and the criticality of the company to national energy infrastructure, particular attention was focused on operational and cyber security with the overarching priority to ensure service. Likewise, oversight of future business strategy (involving hydrogen and CCUS) was maintained to align it to shareholders’ expectations and efficiently facilitate a shift towards low-carbon molecule transport.

CRA’s team focused support on the CFO and CIO with their most pressing priorities around transitioning to new ownership as well as planning a technical and legal carve out from the previous Group. The CRA team worked with technical documents such as the Transition Services Agreement to ensure compliance during a period of significant flux providing both shareholder and executive team timely information and risk management related to transition activities.