CorEnergy - M&A Summary and Business Overview

Real EstateCompany

CorEnergy M&A Summary

CorEnergy has acquired 4 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

CorEnergy’s largest acquisition to date was in 2021, when it acquired Crimson Midstream for $350M. It’s largest disclosed sale occurred in 2023, when it sold Omega Pipeline Co to Spire   for $175M. CorEnergy has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include oil/gas exploration (75%) and utilities (25%).

CorEnergy Business Overview

Where is CorEnergy headquartered?

CorEnergy is headquartered in Kansas City, Missouri.

What is CorEnergy’s revenue?

CorEnergy disclosed revenue of 128M USD for 2021 and 11M USD for 2020.

How many employees does CorEnergy have?

CorEnergy has 155 employees.

What sector is CorEnergy in?

CorEnergy is a real estate company.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

CorEnergy

CorEnergy Infrastructure Trust, Inc.

1100 Walnut, Suite 3350,
Kansas City, Missouri 64106
United States,
(816) 875-3705
www.corenergy.reit

CorEnergy is a REIT focused on energy infrastructure primarily owns midstream and downstream assets that perform utility-like functions, such as pipelines, storage terminals, and transmission and distribution assets. CorEnergy is based in Kansas City, Missouri.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 2 1 1 - - - 4
vol $370M $225M $350M $945M
Sell (0.4/yr) # - - - - 2 - 2
vol $175M $175M
  6

Most Recent M&A

Company Date Value Type
Omega Pipeline Co LLC 2023-05-25 175M USD Divestiture
Fort Leonard Wood, Missouri · www.omegapipeline.com
Spire MoGas Pipeline LLC 2023-05-25 - Divestiture
Wentzville, Missouri · www.mogaspipe.com
Crimson Midstream LLC 2021-02-04 350M USD Add-on Acquisition
Signal Hill, California · www.crimsonmidstream.com
Pinedale Liquids Gathering System 2020-07-07 225M USD Divestiture
Pinedale, Wyoming
Grand Isle Gathering System 2015-06-30 245M USD Divestiture
Isle of Man, United Kingdom
MoGas Energy LLC 2014-11-25 125M USD Add-on Acquisition
Rapid City, South Dakota
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 3 (75%) 820M (87%) - -
Utilities 1 (25%) 125M (13%) 2 (100%) 175M (100%)
Total 4 $945M 2 $175M

By Geo

State/Country Buy Value Sell Value
United States 3 700M 2 175M
  Missouri - - 2 175M
  Wyoming 1 225M - -
  South Dakota 1 125M - -
  California 1 350M - -
United Kingdom 1 245M - -
Domestic 3 (75%) 700M (74%) 2 (100%) 175M (100%)
Cross-border 1 (25%) 245M (26%) - -
Total 4 $945M 2 $175M

Top M&A Advisors

Financial Deals
Evercore Group
1
BofA Securities
1
Regions Securities LLC
1

Deal Values

buy # Total
$100M to $1B 4 $945M
TOTAL $945M
Largest Crimson Midstream LLC
$350M (2021-02-04)
sell # Total
$100M to $1B 1 $175M
TOTAL $175M
Largest Omega Pipeline Co LLC
$175M (2023-05-25)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Strategic(s)
50%
2 (50%)
Divested to
Strategic(s)
100%
2 (100%)

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