AltaGas Ltd.

AltaGas Ltd.

AltaGas Ltd.

Date Founded



355-4th Avenue SW,Suite 1700,Calgary, AB T2P 0J1

Type of Company


Employees (Worldwide)



Oil & Gas
Power & Utilities

Company Description

AltaGas is a geographically diverse energy infrastructure company comprised of three distinct business units: Gas, Power and Utilities. The Gas business gathers, processes, transports, stores and markets natural gas and natural gas liquids, touching more than 2 Bcf/d of natural gas in Canada. AltaGas’ existing power portfolio comprises 407 MW of conventional and 148 MW of renewable power such as wind, run-of-river hydro, biomass, and waste heat recovery. We have natural gas distribution utilities in Alberta, British Columbia, Nova Scotia, and the Northwest Territories, and serve more than 115,000 customers. With the $1.135 billion SEMCO acquisition, AltaGas’ utilities will serve an additional 418,000 customers in Michigan and Alaska. AltaGas also has a pipeline of exciting projects across all businesses, with a plan to spend $2 billion in organic growth by 2015. These new assets are expected to increase EBITDA by 160 percent.

Executives & Employees


Interim Co-Chief Executive Officer

Chief Financial Officer & Executive Vice President

Chief Legal Officer, Executive Vice President & General Counsel

Executive Vice President & Chief Administrative Officer


Executive Vice President

Director-Finance & Communications



Board of Directors

Counsel at Borden Ladner Gervais LLP

Director at AltaGas Ltd.

Interim Co-Chief Executive Officer at AltaGas Ltd.

Former Chief Financial Officer at Pengrowth Corp.

Director at Connaught Oil & Gas Ltd.

Former President & Chief Executive Officer at Alliance Pipeline LP

Former Chief Financial Officer & Executive Vice President-Risk Management at Calgary Health Region

Former Chief Operating Officer & Director at Transalta Renewables, Inc.

Professional at The National Petroleum Council

Professor at Mount Royal University

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AltaGas Ltd.
Owners & Shareholders
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QV Investors (QVI) manages several pooled investment funds with varying objectives in order to meet clients' varying needs. The QV Funds are the models for the firm's bond, balanced and equity strategies.The Canadian Income Fund seeks to provide investors steady income, earned in Canadian dollars, with low risk to principal. The Fund invests in Canadian high or investment grade bonds and debentures, and to a lesser extent in corporate preferred and common shares. The bonds mature within 5 years. The benchmark is the FTSE TMX Short Term Bond Index.The Canadian Bond Fund seeks to provide investors with interest income and moderate capital appreciation over the long-term. The fund invests in investment grade Canadian fixed income securities, and does not hold preferred shares or equities. It may also invest in longer-term bonds and hold a larger exposure to corporate bonds and non-rated bonds. The benchmark is the FTSE TMX Canada Universe Bond Index.The Canadian Balanced Fund seeks to equal or exceed the average annual return on equity of Canadian companies. Canadian companies. The asset mix methodology is to weight by yield the asset class having the greatest surety. Equities are selected to reduce valuation, growth, credit, liquidity, and industry risks. Bonds are selected for their high quality and ability to offset the volatility found in equities.The QV Canadian Equity Fund invests in larger companies, typically with market-cap over $1 billion and listed on the TSX. The Fund seeks to exceed the average annual return on equity of Canadian companies, and to exceed the return on the S&P/TSX Composite Index and do so with lower volatility. QVI constructs the Fund to exhibit measurably better value, growth, dividend, and credit characteristics than the benchmark while maintaining broad industry diversification.The Canadian Small Cap Equity Fund invests in Canadian small and mid-cap companies, with market-cap above $100 million and up to two times the upper end of the BMO Small Cap Index. The Fund seeks to exceed the average annual return on equity of Canadian companies, to exceed the return on the BMO Small Cap Index, and do so with lower volatility.The Global Equity Fund invests in companies listed outside of Canada on the world's senior markets. It seeks to outperform the MSCI World Index with lower volatility. The Fund focuses on companies with market-cap, greater than $5 billion. The portfolio offers broad equity, industry and regional diversification.

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Ninepoint Partners, dba SPR & Co., employs a variety equity investment strategies, including growth, core, and value, as well as blended portfolios. Most of their funds focus on specific ranges on the capitalization scale, from micro-capitalization, through small-capitalization and large-capitalization. Other funds focus on investment opportunities in more than one capitalization category or across all capitalization levels. In addition, SPR manages funds that are global, multi-national, or which focus on particular geographic regions or specific countries.SPR engages in fixed income strategies which invest in debt securities issued by governments and corporations. The debt securities may have varying maturity terms, credit worthiness, interest coupon, currency denomination, and other attributes which may affect the value of the debt securities.The firm engages in buy and hold investment strategies in which they buy securities and hold them for a relatively longer period of time, regardless of short-term factors such as fluctuations in the market or volatility of the stock price.SPR also engages in fundamental value investment strategies that invests in asset-oriented securities they believe are undervalued by the market.SPR offers global macro investment strategies which attempt to anticipate global macroeconomic events using discretionary selection.The firm employs capital growth investment strategies that seek to securities of companies whose earnings the firm expects to grow at an above-average rate compared to the company's specific industry or the overall market.SPR enters into derivatives transactions: (1) as a form of hedging to offset potential changes in securities which are similar to the underlying interest of the derivative, and (2) for profit. The firm engages in short selling strategies: (1) as a form of hedging to offset potential declines in long positions in similar securities, (2) in order to maintain flexibility, and, (3) for profit.SPR also engages in a long credit strategy for certain clients that primarily invests in senior secured asset-based loans.

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ATB Investment Management (ATBIM) manages the Compass Portfolio Series, a comprehensive series of strategic asset allocation models designed to meet investors' unique investment objectives and risk tolerances. A mix of asset classes within pre-determined ranges are maintained through regular rebalancing which serves to preserve the performance characteristics of the portfolio and meet investors' objectives within their time horizons and risk tolerances. The portfolio invests in multiple asset classes including stocks, bonds, near cash or money market instruments such as Treasury Bills, and in alternative investments including income trusts. The Compass Portfolio Series invests the majority of their assets in a mix of mutual funds, institutional pooled funds, ETFs and other pooled investment vehicles managed respected third-party investment management firms. The underlying investments of each portfolio are selected to achieve and add value to the asset allocation of the portfolio as a whole. Portfolios are further diversified by geography, management style, market sector, market-cap and investment manager. ATBIM seeks to provide superior risk-adjusted rates of return by minimizing volatility and maximizing long-term performance results.

Recent Transactions
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AltaGas Ltd. purchases Black Swan Energy Ltd. /Aitken Creek Processing Facilities from Black Swan Energy Ltd.

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purchases AltaGas Canada, Inc. from AltaGas Ltd.

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AltaGas Ltd. purchases WGL Holdings, Inc.

Transaction Advisors
Legal Advisor

Advised onAltaGas Ltd. issued Subscription Receipts


Advised onAltaGas Ltd. issued Subscription Receipts


Advised onAltaGas Ltd. issued Subscription Receipts


Advised onAltaGas Ltd. issued Common Stock


Advised onAltaGas Ltd. issued Common Stock

Managing Director, Investment Banking

Advised onAltaGas Ltd. issued Common Stock


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Key Stats and Financials As of 2017
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