M&A Deal Summary |
|
|---|---|
| Date | 2021-07-16 |
| Target | Kinetrex Energy |
| Sector | Energy Services and Equipment |
| Buyer(s) | Kinder Morgan |
| Sellers(s) |
Parallel49 Equity
Kensington Capital Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | J.P. Morgan Securities (Financial) |
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| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Energy Services and Equipment |
| Employees | 10,891 |
| Revenue | 15.3B USD (2023) |
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.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 7 |
| Sector (Energy Services and Equipment) | 3 of 3 |
| Type (Add-on Acquisition) | 4 of 5 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 6 of 7 |
| Year (2021) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-01 |
Stagecoach
Owego, New York, United States Stagecoach consists of 4 natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and 185 miles of natural gas pipelines. |
Buy | $1.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-11 |
North American Natural Resources
Ann Arbor, Michigan, United States North American Natural Resources is a renewable energy company which produces electricity from landfill methane. North American Natural Resources was founded in 1979 and is based in Ann Arbor, Michigan. |
Buy | $135M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Parallel49 Equity is a private equity firm that invests in mid-sized companies in Canada and the US. The Firm concentrates its investment efforts in the Western and Mid-western regions of both countries. Target businesses generally have enterprise values of $25 to $150 million and are profitable with $5 to $30 million of EBITDA. Parallel49 pursues acquisitions of public or private companies, management-led buyouts, recapitalizations and sales of subsidiaries of larger companies. Broad areas of interest include manufacturing, service, and distribution. Parallel49 will not invest in start-ups, new technologies, turnarounds or companies active in real estate development, gaming, restaurant or primary resource sectors. Parallel49 was formerly known as Tricor Pacific Capital. The Firm has offices in Vancouver, British Columbia, and Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 22 |
| Sector (Energy Services and Equipment) | 2 of 2 |
| Type (Add-on Acquisition) | 7 of 9 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 6 of 11 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-04 |
BFG Supply
Burton, Ohio, United States BFG Supply distributes a full line of professional horticulture and lawn & garden products including containers, growing media, chemicals, fertilizer, seed, and greenhouse equipment. BFG leverages technology to efficiently serve its customers with industry-leading product selection and service levels. BFG Supply was founded in 1972 and is based in Burton, Ohio. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-25 |
Certified Recycling
Anaheim, California, United States Certified Recycling is a provider of recycling and waste solutions services. Certified Recycling offers waste reduction services to over 1,000 customers in a variety of industries with our core focus being to provide significant cost savings to our clients while helping them achieve their environmental goals and stay in compliance with local, state, and federal mandates for their waste programs. Certified Recycling was established in 1977 and is based in Anaheim, California. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 2.8B CAD |
| Size | Large |
| Type | Sector Agnostic |
Kensington Capital Partners is a Canadian alternative asset manager focused on hedge funds, private equity, and infrastructure assets. Kensington makes private equity investments through its fund-of-funds and direct co-investment programs. Kensington Capital was formed in 1996 and is based in Toronto.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 8 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 4 of 5 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 3 of 4 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-30 |
Mint Smartwash
Calgary, Alberta, Canada Mint Smartwash is a developer and operator of high-volume express car wash tunnels utilizing state-of-the-art technology to deliver superior value to its customers. In comparison to alternatives, Mint offers faster wash times, a superior water reclamation process that recycles up to 80% of wash water and employs the use of environmentally friendly soaps, polishes, and waxes during the process. Mint Smartwash was founded in 2015 and is based in Calgary, Alberta. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-15 |
Deep Genomics
Toronto, Ontario, Canada Deep Genomics has developed a platform that uses deep learning-based technology to help geneticists, chemists, and molecular biologists create drug therapies. Its software system searches across billions of molecules and pinpoints compounds that can be used to alter the composition of cells. Deep Genomics was founded in 2014 and is based in Toronto, Ontario. |
Buy | - |
