Key Takeaways
- • Sempra has completed the sale of a 45% equity interest in Sempra Infrastructure Partners (SI Partners) to affiliates of KKR, lifting the KKR-led consortium's ownership to 65%.
- • Sempra retains a 25% stake in SI Partners, while an affiliate of the Abu Dhabi Investment Authority continues to hold 10%.
- • The Canada Pension Plan Investment Board participated as an indirect co-investor in the KKR-led consortium.
- • The transaction is part of Sempra's capital recycling strategy to concentrate capital and management resources on its regulated utility operations in Texas and California.
- • The closing follows Sempra's earlier sale of Ecogas México in August 2026.
Summary
San Diego-based energy infrastructure company Sempra has completed the sale of a 45% equity interest in Sempra Infrastructure Partners (SI Partners) to affiliates of KKR. The Canada Pension Plan Investment Board participated as an indirect co-investor. Following the closing, the KKR-led consortium controls 65% of SI Partners, Sempra holds 25%, and an affiliate of the Abu Dhabi Investment Authority retains the remaining 10%. The publisher summary did not disclose the transaction value.
SI Partners operates a portfolio of liquefied natural gas (LNG) export facilities and related infrastructure assets across North America. The business is positioned to support growing global demand for natural gas and energy infrastructure. The transaction gives the consortium a majority interest in this platform while allowing Sempra to maintain an economic interest and reduce its direct ownership exposure.
The sale forms part of Sempra's broader capital recycling initiative, under which the company is divesting selected businesses and reducing ownership in certain assets to simplify its structure and strengthen financial flexibility. The closing follows the sale of Ecogas México in August 2026. Together, the transactions advance Sempra's effort to concentrate resources on regulated utility operations in Texas and California, two large state economies that require substantial investment in transmission, distribution, and system reliability to meet growing electricity and natural gas demand.
Sempra Chairman and CEO Jeffrey W. Martin said the transaction "supports our efforts to further simplify the company's business model while supporting the growth of our utilities in Texas and California." The company disclosed further details of the completion in a Form 8-K filed with the Securities and Exchange Commission.
SI Partners operates a portfolio of liquefied natural gas (LNG) export facilities and related infrastructure assets across North America. The business is positioned to support growing global demand for natural gas and energy infrastructure. The transaction gives the consortium a majority interest in this platform while allowing Sempra to maintain an economic interest and reduce its direct ownership exposure.
The sale forms part of Sempra's broader capital recycling initiative, under which the company is divesting selected businesses and reducing ownership in certain assets to simplify its structure and strengthen financial flexibility. The closing follows the sale of Ecogas México in August 2026. Together, the transactions advance Sempra's effort to concentrate resources on regulated utility operations in Texas and California, two large state economies that require substantial investment in transmission, distribution, and system reliability to meet growing electricity and natural gas demand.
Sempra Chairman and CEO Jeffrey W. Martin said the transaction "supports our efforts to further simplify the company's business model while supporting the growth of our utilities in Texas and California." The company disclosed further details of the completion in a Form 8-K filed with the Securities and Exchange Commission.
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