July 23, 2008
 
News Article
 
 

Davies Named As Part of 2007 Deal Team of the Year

April 16, 2008

 
Davies Ward Phillips & Vineberg LLP has been named as part of the 2007 Deal Team of the Year for its role as lead counsel to Fortis Inc. in the $3.7 billion acquisition by Fortis of Terasen Inc. from Houston-based Kinder Morgan Inc.  The winning deal team was chosen by a panel of judges in recognition of excellence in the art of deal making.  The award was presented at the inaugural Canadian Dealmakers Gala in Toronto, sponsored by Deloitte, Lexpert, The Globe and Mail and Thomson Financial.
 
Fortis, based in St. John's, Newfoundland, is the largest investor-owned distribution utility in Canada with total assets exceeding $10 billion and annual revenue of more than $2.7 billion.  Terasen, a holding company based in Vancouver, British Columbia, owns Terasen Gas, one of the largest natural gas distribution utilities in Canada.
 

 
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