Morgan Stanley Infrastructure Partners to Acquire Epic Energy
Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), its private infrastructure investment platform, today announced that it 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 customary regulatory approvals.
Epic Energy owns and operates the Moomba to Adelaide Pipeline System, known as MAPS, which connects gas resources in northern Australia to Adelaide, the capital of South Australia, one of the global leaders in renewable energy penetration. MAPS has operated for more than 50 years and is one of only two pipeline systems serving Adelaide, providing critical connectivity between key gas-producing regions and South Australia’s power generation, industrial and utility customers.
“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,” said Tim Cooper, Co-Head of Asia-Pacific for Morgan Stanley Infrastructure Partners. “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.”
