Colonial Pipeline Said to Weigh Sale at $10 Billion-Plus Value

Colonial Pipeline Co., operator of the largest US fuel pipeline system, is weighing options including a sale that could value the company at more than $10 billion, people familiar with the matter said.

The Alpharetta, Georgia-based company is working with advisers as it seeks to gauge interest from potential buyers, according to the people, who asked not to be identified discussing confidential information. It could draw interest from financial institutions, such as infrastructure funds, as well as strategic suitors, one of the people said.

Colonial Pipeline operates one of the most vital fuel pipeline systems in the US, covering ...