M&A Deal Summary

Kinder Morgan Acquires Kinder Morgan Energy Partners

On August 10, 2014, Kinder Morgan acquired energy services and equipment company Kinder Morgan Energy Partners

Acquisition Highlights
  • This is Kinder Morgan’s 1st transaction in the Energy Services and Equipment sector.
  • This is Kinder Morgan’s 2nd transaction in the United States.
  • This is Kinder Morgan’s 2nd transaction in Texas.

M&A Deal Summary

Date 2014-08-10
Target Kinder Morgan Energy Partners
Sector Energy Services and Equipment
Buyer(s) Kinder Morgan
Deal Type Add-on Acquisition
Advisor(s) Jefferies (Financial)

Target

Kinder Morgan Energy Partners

Houston, Texas, United States
Kinder Morgan Energy Partners LP is an energy transportation, storage and distribution companies in North America. The Company owns an interest in or operates approximately 41,000 miles of pipelines that primarily transport natural gas, crude oil, petroleum products and CO2, and more than 155 terminals which store, transfer and handle products like gasoline and coal. Kinder Morgan Energy Partners LP was formed in 2002 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Kinder Morgan

Houston, Texas, United States

website


Category Company
Founded 1936
Sector Energy Services and Equipment
Employees10,525
Revenue 19.2B USD (2022)
DESCRIPTION
Kinder Morgan's corporate headquarters in downtown Houston, Texas.
Kinder Morgan's corporate headquarters in downtown Houston, Texas.

Kinder Morgan is an energy infrastructure company. Kinder Morgan owns an interest in or operates pipelines and terminals. The Company's pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and its terminals transload and store petroleum products, ethanol and chemicals, and handle such products as coal, petroleum coke and steel. Kinder Morgan also produces and transports CO2, which is utilized for enhanced oil recovery projects in North America. Kinder Morgan was formed in 1936 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 7
Sector (Energy Services and Equipment) 1 of 3
Type (Add-on Acquisition) 2 of 5
State (Texas) 2 of 2
Country (United States) 2 of 7
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-16 El Paso

Houston, Texas, United States

El Paso Corporation is a processes, stores, and transmits natural gas and natural gas liquids. The Company was formed in 1928.

Buy $37.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-21 Hiland Partners

Enid, Oklahoma, United States

Hiland Partners LP is a midstream energy company.

Buy $3.0B