Morgan Stanley Investment Management, through funds managed by Morgan Stanley Infrastructure Partners, has agreed to acquire Epic Energy, an Australian gas pipeline operator. The transaction is expected to close in the second half of 2026, subject to regulatory approvals.
Epic Energy owns and operates the Moomba to Adelaide Pipeline System, known as MAPS, which has operated for more than 50 years and is one of only two pipeline systems serving Adelaide. MSIP was founded in 2006 and invests across a diverse portfolio of infrastructure assets.
KEY QUOTES:
“MAPS is a critical piece of energy infrastructure with a more than 50-year operating history, high barriers to entry and long-term strategic relevance. As the sole long-haul pipeline connecting Adelaide to northern Australian gas supplies, it plays an important role in supporting energy reliability across South Australia while providing resilient cash flows backed by longstanding customer relationships.”
Tim Cooper, Co-Head of Asia-Pacific, Morgan Stanley Infrastructure Partners
“The acquisition of Epic Energy exemplifies MSIP’s approach to sourcing high-quality infrastructure investments through long-standing relationships and direct engagement with local infrastructure owners. By using relationship-driven sourcing we deliver differentiated investment opportunities for our investors, while supporting essential infrastructure in key markets globally.”
Mark McLean, Co-Head of Asia-Pacific, Morgan Stanley Infrastructure Partners
