M&A Deal Summary

Kinder Morgan Acquires Royal Vopak - Three U.S. Terminals

On February 9, 2015, Kinder Morgan acquired oil/gas exploration company Royal Vopak - Three U.S. Terminals from Koninklijke Vopak for 158M USD

Acquisition Highlights
  • This is Kinder Morgan’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Kinder Morgan’s 4th largest (disclosed) transaction.
  • This is Kinder Morgan’s 4th transaction in the United States.

M&A Deal Summary
Date 2015-02-09
Target Royal Vopak - Three U.S. Terminals
Sector Oil/Gas Exploration
Buyer(s) Kinder Morgan
Sellers(s) Koninklijke Vopak
Deal Type Divestiture
Deal Value 158M USD

Target

Royal Vopak - Three U.S. Terminals

United States
Vopak terminals in North Carolina, one in North Wilmington that handles chemicals and black oil, and one in South Wilmington that is not currently operating and an undeveloped site at Perth Amboy, New Jersey, with waterfront access that can be developed.

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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 4 of 7
Sector (Oil/Gas Exploration) 3 of 3
Type (Divestiture) 1 of 2
Country (United States) 4 of 7
Year (2015) 2 of 2
Size (of disclosed) 4 of 5
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 ELC

Savannah, Georgia, United States

ELC is an LNG liquefaction facility located near Savannah, Georgia. ELC began full commercial operations in August 2020 and is comprised of 10 Movable Modular Liquefaction Units with a nameplate capacity of approximately 2.5 million tons per annum of liquefied natural gas (LNG) for export, which is equivalent to approximately 350 million cubic feet (MMcf) per day of natural gas.

Sell -

Seller(S) 1

SELLER

Koninklijke Vopak

Rotterdam, Netherlands
Category Company
Founded 1616
Sector Oil/Gas Exploration
Employees5,003
Revenue 1.4B EUR (2023)
DESCRIPTION

Koninklijke Vopak is an independent tank storage company for the oil and chemical industry. The company operates LPG and chemical gas, industrial, chemical, and oil terminals; and owns and operates specialized facilities consisting of tanks, jetties, truck loading stations, and pipelines. Koninklijke Vopak was founded in 1616 and is based in Rotterdam, Netherlands.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-21 Pengerang Marine Operations Sdn. Bhd.

Malaysia

Pengerang Marine Operations Sdn. Bhd. is a provider of marine services.

Buy RM30K
Mergr

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