(Reuters) -Brokepield Infrastructure Partners is buying colonial pipeline, the largest fuel transport system in the United States, in an agreement with an approximate $ 9 billion, including debt, the company said on Thursday.

The agreement to acquire all the assets of the colonial companies, including the colonial canalization, is expected to be closed in the second half of 2025.

The colonial pipe system extends more than 5,500 miles from Houston to Texas to the port of New York. It travels daily 100 million gallons of fuel, including gasoline, reaction fuel, diesel and heating oil, according to its website.

The Brookfield Brooki Brokfield Infrastructure Company Asset Management will have a capital investment of $ 500 million in colonial companies at the closing of the agreement.

Shell said on Thursday he sold his interest in colonial companies in Colossus acquire, a Brookfield subsidiary, for $ 1.45 million.

The owners of Colonial, including the Canadian Fund of Pension Caisse de Dépôt et Placement du Québec (CDPQ), Shell and the KKR investment signature, had begun exploring a sale of colonial pipes last year.

CDPQ bought his participation in Colonial for $ 850 million in 2012 at Conocophillips. Investors IFM and KKR acquired their respective 15.8% and 23.4% holdings in 2007 and 2010.

Shell consolidated its 16.13% in a single participation in 2019, while a Koch Industries subsidiary has been in its current position of 28.1% since 2003.

Reuters reported earlier this week that Brookfield was the winner of an auction process, that the five owners of the pipeline have been for several months, to buy colonial pipes for more than $ 9 billion, including debt.

(Report by Gnaneshwar Rajan in Bengaluru; edition of Janane Venkatraman and Mrigank Dhaniwala)