Diligence memo · auto-generated · as of July 2, 2026
Algonquin Gas Transmission, Llc
Algonquin Gas Transmission, Llc looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Algonquin Gas Transmission, Llc operates in Other Energy, based in HOUSTON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Algonquin Gas Transmission, Llc has raised $850M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $500M on 2019-08-05.
Most recent recorded round closed around 2019-08-05.
Valuation (modeled)modeled
Provath models Algonquin Gas Transmission, Llc at approximately $6.2B (range $3.7B–$11.2B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.71× the median modeled value of Growth/Late Other Energy companies in 2019–2021 (5 peers) — value vs value, same stage and era. Within the normal band (71% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 85 months.
Last raise 6.9 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.4× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 100% of Other Energy peers (2049 compared).
Modeled value ranks above 100% of those peers.
Closest niche peers: Commonwealth Fusion Systems LLC, Sino Resources Technology Co Ltd, Worleyparsons Ltd, Twb Asset Management Trust.
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.