M&A Deal Summary

Kinder Morgan Acquires North American Natural Resources

On August 11, 2022, Kinder Morgan acquired renewable energy company North American Natural Resources for 135M USD

Acquisition Highlights
  • This is Kinder Morgan’s 1st transaction in the Renewable Energy sector.
  • This is Kinder Morgan’s 5th largest (disclosed) transaction.
  • This is Kinder Morgan’s 7th transaction in the United States.
  • This is Kinder Morgan’s 1st transaction in Michigan.

M&A Deal Summary
Date 2022-08-11
Target North American Natural Resources
Sector Renewable Energy
Buyer(s) Kinder Morgan
Deal Type Add-on Acquisition
Deal Value 135M USD

Target

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.

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Buyer(S) 1

Buyer

Kinder Morgan

Houston, Texas, United States
Category Company
Founded 1997
Sector Energy Services and Equipment
Employees10,891
Revenue 15.3B USD (2023)
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 1997 and is based in Houston, Texas.

DEAL STATS #
Overall 7 of 7
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Michigan) 1 of 1
Country (United States) 7 of 7
Year (2022) 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-16 Kinetrex Energy

Indianapolis, Indiana, United States

Kinetrex Energy is a turn-key provider of environmentally friendly renewable natural gas (RNG) and liquid natural gas (LNG) solutions to customers in the transportation, industrial, agricultural, utility, and power industries. Kinetrex Energy is based in Indianapolis, Indiana.

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