Teekay LNG completes merger with Stonepeak
1/14/2022
Teekay LNG Partners L.P. announced that it completed the previously announced acquisition of the partnership by investment vehicles managed by Stonepeak.
With the acquisition complete, the partnership will rebrand as Seapeak. The partnership intends to convert to a limited liability company during the first quarter of 2022, at which time it will change its name to Seapeak LLC and change its Series A and B preferred units ticker symbols to “SEAL PR A” and “SEAL PR B”, respectively.
As Seapeak, the Partnership will launch a new organizational vision and identity, reflecting intentions to renew and grow its primary business of owning and operating LNG carriers, and to explore potential adjacencies.
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