M&A Deal Summary |
|
|---|---|
| Date | 2021-06-01 |
| Target | Stagecoach |
| Sector | Energy Services and Equipment |
| Buyer(s) | Kinder Morgan |
| Sellers(s) |
Consolidated Edison
Crestwood |
| Deal Type | Divestiture |
| Deal Value | 1.2B USD |
SEARCH BY
Try For Free 7-Day Free Trial
| 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 | 5 of 7 |
| Sector (Energy Services and Equipment) | 2 of 3 |
| Type (Divestiture) | 2 of 2 |
| State (New York) | 1 of 1 |
| Country (United States) | 5 of 7 |
| Year (2021) | 1 of 2 |
| Size (of disclosed) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-21 |
Kinder Morgan Canada
Calgary, Alberta, Canada Kinder Morgan Canada Ltd. operates as an energy infrastructure company. Kinder Morgan Canada owns and manages pipelines that transport natural gas, gasoline, crude oil, and carbon dioxide. Kinder Morgan also operates terminals that store and handle petroleum products and chemicals. |
Sell | CA$4.4B |
| 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. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1823 |
| Sector | Utilities |
| Employees | 14,592 |
| Revenue | 14.7B USD (2023) |
Consolidated Edison is a provider of electricity, natural gas, and steam to customers in New York City and Westchester County. Con Edison of New York provides electric service to approximately 3.3 million customers and gas service to approximately 1.1 million customers. The company also provides steam service in parts of Manhattan. Consolidated Edison was incorporated in 1823 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 3 |
| Sector (Energy Services and Equipment) | 1 of 3 |
| Type (Divestiture) | 1 of 3 |
| State (New York) | 1 of 2 |
| Country (United States) | 1 of 3 |
| Year (2021) | 1 of 2 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-20 |
Sempra Energy - U.S. Solar Assets
San Diego, California, United States Sempra Energy - U.S. Solar Assets includes Mesquite Solar 2 and 3 in Arizona; Copper Mountain Solar 1 and 4 in Nevada; Great Valley Solar in California; and solar and battery storage development projects. |
Buy | $1.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-30 |
Consolidated Edison - Contracted Renewable Portfolio
Tehachapi, California, United States Consolidated Edison's Contracted Renewable Portfolio consists of Coram Wind, a 102MW wind farm located in Tehachapi, CA, and Crane Solar, a 150MW solar project located in Crane, TX, as well as an adjacent 25MW battery development. Consolidated Edison's Contracted Renewable Portfolio is based in Tehachapi, California. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 2001 |
| Sector | Energy Services and Equipment |
| Revenue | 6.0B USD (2022) |
Crestwood is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. The company is engaged in the gathering, processing, treating, compression, and transportation of natural gas; storage, transportation, terminalling, and marketing of NGLs; gathering, storage, terminalling, and marketing of crude oil; and gathering and disposal of produced water. Crestwood was founded in 2001 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Energy Services and Equipment) | 1 of 2 |
| Type (Divestiture) | 2 of 4 |
| State (New York) | 1 of 1 |
| Country (United States) | 2 of 4 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-31 |
US Salt
Kansas City, Montana, United States US Salt LLC utilizes solution mining to create salt brine from underground deposits lying 2,000 to 2,800 feet beneath the surface. The brine is mechanically evaporated to create evaporated salt, which is nearly 100 percent pure sodium chloride. US Salt’s customers include retailers, distributors and end-users in the consumer food, food processing, water conditioning, pharmaceutical, industrial and agricultural industries. |
Sell | $225M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-26 |
Oasis Midstream Partners
Houston, Texas, United States Oasis Midstream Partners own, develop, operate and acquire a diversified portfolio of midstream assets in North America that are integral to the oil and natural gas operations of Oasis Petroleum and strategically positioned to capture volumes from other producers. Oasis Midstream's initial assets are located in the Williston Basin area of North Dakota and Montana. Oasis Midstream Partners was founded in 2013 and is based in Houston, Texas. |
Buy | $1.8B |
