South Bow Aims to Double Size Through M&A, Plans $30-Billion Enterprise Value

South Bow Corp. plans to double its size to $30-billion-plus in five years through acquisitions and organic growth. The Calgary-based energy infrastructure company is evaluating potential takeover targets, including Gibson Energy and Inter Pipeline. Analysts estimate the company will need to acquire between $3-billion and $8-billion in assets to reach its goal. South Bow's existing pipeline network in Alberta and its foothold in the US market provide opportunities for expansion.