The Globe and Mail reports in its Friday edition that AltaGas has agreed to buy some natural-gas assets from Tidewater Midstream and Infrastructure for $650-million, in a bid to strengthen its mid-stream operations. A Reuters dispatch to The Globe says the deal, expected to close in the fourth quarter, will also bring meaningful long-term supply of liquefied petroleum gas (LPG) for AltaGas's global exports platform, newly appointed chief executive Vern Yu said in a statement. It is expected to boost the company's earnings per share slightly in 2024 and then by 5 per cent from 2025. "AltaGas has established a strong foothold to capitalize on the natural-gas liquids market and complete a strong infrastructure platform for producers," said Longdley Zephirin of the Zephrin Group brokerage. AltaGas has been striving to expand its mid-stream business, which involves processing, storing, transporting and marketing oil, natural gas, and natural-gas liquids. In April, it formed a joint venture with Dutch tank storage company Royal Vopak to develop an LPG and bulk liquids terminal in British Columbia. Analysts said the deal with Tidewater would help both companies build on their mid-stream partnership signed in 2016.