Who owns the colonial pipeline? According to its website, the Colonial Pipeline Company is a privately held company with headquarters in Alpharetta, Ga. Founded in 1962 by nine oil companies, it's now owned by five entities spanning a few countries. The largest shareholder in Colonial Pipeline is Koch Industries, which owns 28.09 percent of the company.How did the colonial pipeline hack work? On Friday, Colonial Pipeline said it learned that hackers had infected its computer networks with ransomware, malicious code used to seize control of computers and extract payments from victims. The breach affected Colonial’s business networks, which it uses for tasks such as managing payrolls and reporting data to regulators.How long is the colonial pipeline? The pipeline is 5,500-miles (8,850-km) long. Colonial had seven spills in four years in the late 20th century, three of which (1996 to 1999) caused significant environmental damage to waterways in the Southeast.Is the colonial pipeline underground? There are three primary underground pipelines servicing Georgia. The Colonial (petroleum) Pipeline based in Alpharetta Georgia, the Plantation (petroleum) Pipeline and the Dixie (liquefied petroleum, or LP gas) Pipeline.