KKR & Co LP (NYSE: KKR) is set to acquire a stake in Torq Energy Logistics Ltd., an operator of transloading terminals in Canada, for C$250 million (U.S.$235 million).

Specifics of what percentage KKR agreed to buy of Torq remain undisclosed, but reports say the private equity firm now owns a majority of the Calgary-based target.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.