Kinder Morgan - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Kinder Morgan M&A Summary

Kinder Morgan has acquired 8 companies, including 4 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 5 assets.

Kinder Morgan’s largest acquisition to date was in 2011, when it acquired El Paso for $37.8B. It’s largest disclosed sale occurred in 2007, when it sold Terasen International to Fortis for $3.7B. Kinder Morgan has acquired in 6 different US states. The Company’s most targeted sectors include energy services and equipment (43%) and oil/gas exploration (43%).

Kinder Morgan Business Overview

Where is Kinder Morgan headquartered?

Kinder Morgan is headquartered in Houston, Texas.

What is Kinder Morgan’s revenue?

Kinder Morgan disclosed revenue of 15,334M USD for 2023 and 19,200M USD for 2022.

How many employees does Kinder Morgan have?

Kinder Morgan has 10,891 employees.

What sector is Kinder Morgan in?

Kinder Morgan is an energy services and equipment company.

When was Kinder Morgan founded?

Kinder Morgan was founded in 1997.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity7
    • M&A Sell Activity5
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 11
  • M&A Advisors 6

Kinder Morgan

Kinder Morgan, Inc.

1001 Louisiana Street, Suite 1000,
Houston, Texas 77002
United States,
(713) 369-9000
www.kindermorgan.com

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 1997 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 4 - 2 1 - - 7
vol $41.0B $1.2B $135M $42.3B
Sell (0.0/yr) # 5 - - - - - 5
vol $7.1B $7.1B
  12

Most Recent M&A

Company Date Value Type
North American Natural Resources, Inc. 2022-08-11 135M USD Add-on Acquisition
Ann Arbor, Michigan · www.nanr.net
Kinetrex Energy 2021-07-16 - Add-on Acquisition
Indianapolis, Indiana · www.kinetrexenergy.com
Stagecoach Gas Services LLC 2021-06-01 1.2B USD Divestiture
Owego, New York · www.stagecoachgs.com
Kinder Morgan Canada Ltd. 2019-08-21 3.3B CAD Divestiture
Calgary, Alberta · www.kindermorgancanadalimited.com
Kinder Morgan Engineering & Conveying 2017-04-19 - Divestiture
Houston, Texas
Elba Liquefaction Co. LLC 2017-02-28 - Stake Sale
Savannah, Georgia
Royal Vopak - Three U.S. Terminals 2015-02-09 158M USD Divestiture
, United States
Hiland Partners LP 2015-01-21 3.0B USD Add-on Acquisition
Enid, Oklahoma
Kinder Morgan Energy Partners LP 2014-08-10 - Add-on Acquisition
Houston, Texas
El Paso Corporation 2011-10-16 37.8B USD Add-on Acquisition
Houston, Texas
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Kinder Morgan Energy Partners LP    - Copano Energy LLC 2013-01-29 6
Houston, Texas Houston, Texas · www.copanoenergy.com
Kinder Morgan Energy Partners LP    - Slay Industries - Four Terminals 2010-01-27 5
Houston, Texas , United States
Kinder Morgan Energy Partners LP    - NGL Pipeline & Refined Products 2007-07-02 1
Houston, Texas , United States
Kinder Morgan Energy Partners LP    - Global Materials Services LLC 2004-11-01 4
Houston, Texas Memphis, Tennessee · www.globalmat.com

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 3 (43%) 1.2B (3%) 2 (40%) 3.3B (47%)
Oil/Gas Exploration 3 (43%) 41.0B (97%) - -
Renewable Energy 1 (14%) 135M (< 1%) - -
Engineering - - 1 (20%) 3.7B (52%)
Manufacturing - - 1 (20%) -
Utilities - - 1 (20%) 95M (1%)
Total 7 $42.3B 5 $7.1B

By Geo

State/Country Buy Value Sell Value
United States 7 42.3B 2 -
  Texas 2 37.8B 1 -
  Oklahoma 1 3.0B - -
  New York 1 1.2B - -
  Michigan 1 135M - -
  Indiana 1 - - -
  Georgia - - 1 -
Canada - - 3 7.1B
  British Columbia - - 2 3.8B
  Alberta - - 1 3.3B
Domestic 7 (100%) 42.3B (100%) 2 (40%) -
Cross-border - - 3 (60%) 7.1B (100%)
Total 7 $42.3B 5 $7.1B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
2
Citigroup Investment Banking
1
Evercore Group
1
Legal Deals
Weil Gotshal & Manges
2
Bracewell
2
Baker Botts
1

Deal Values

buy # Total
> $1B 3 $42.0B
$100M to $1B 2 $293M
TOTAL $42.3B
Largest El Paso Corporation
$37.8B (2011-10-16)
sell # Total
> $1B 2 $7.0B
< $100M 1 $95M
TOTAL $7.1B
Largest Terasen International, Inc.
$3.7B (2007-05-17)

M&A Connections

Deals
Acquired from
Investor(s)
14%
1 (14%)
Strategic(s)
29%
2 (29%)
Divested to
Investor(s)
40%
2 (40%)
Strategic(s)
60%
3 (60%)

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