M&A Deal Summary

Kinder Morgan Energy Partners Acquires Global Materials Services

On November 1, 2004, Kinder Morgan Energy Partners acquired energy services and equipment company Global Materials Services from Court Square Capital Partners for 71M USD

Acquisition Highlights
  • This is Kinder Morgan Energy Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Kinder Morgan Energy Partners’ 5th largest (disclosed) transaction.
  • This is Kinder Morgan Energy Partners’ 2nd transaction in the United States.
  • This is Kinder Morgan Energy Partners’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2004-11-01
Target Global Materials Services
Sector Energy Services and Equipment
Buyer(s) Kinder Morgan Energy Partners
Sellers(s) Court Square Capital Partners
Deal Type Add-on Acquisition
Deal Value 71M USD

Target

Global Materials Services

Memphis, Tennessee, United States
Global Materials Services LLC an operator of marine terminals and provider of warehouse and distribution services for steel and bulk shippers.

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Buyer(S) 1

Buyer

Kinder Morgan Energy Partners

Houston, Texas, United States

Category Company
Founded 1992
Sector Energy Services and Equipment
Employees8,000
DESCRIPTION

Kinder Morgan Energy Partners LP is an energy transportation, storage and distribution companies in North America. The Company owns an interest in or operates approximately 41,000 miles of pipelines that primarily transport natural gas, crude oil, petroleum products and CO2, and more than 155 terminals which store, transfer and handle products like gasoline and coal. Kinder Morgan Energy Partners LP was formed in 2002 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 7
Sector (Energy Services and Equipment) 1 of 3
Type (Add-on Acquisition) 2 of 6
State (Tennessee) 1 of 1
Country (United States) 2 of 6
Year (2004) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-01 Delta Terminal Services

New York, New York, United States

Delta Terminal Services operates bulk liquid storage terminals and packaging facilities in New Orleans and Cincinnati. The Company serves producers of petroleum products, petrochemicals, chemicals, animal fats, vegetable oils, molasses, and other bulk liquid.

Buy $114M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 SourceGas

Golden, Colorado, United States

SourceGas LLC, owns and operates regulated local gas distribution companies (LDCs) with operations in Arkansas, Colorado, Nebraska and Wyoming serving over 1.1 million residential, commercial, industrial and agricultural customers. SourceGas also owns a regulated intrastate gas pipeline company in Colorado.

Sell -

Seller(S) 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 12 of 56
Sector (Energy Services and Equipment) 2 of 3
Type (Add-on Acquisition) 9 of 25
State (Tennessee) 1 of 3
Country (United States) 11 of 53
Year (2004) 3 of 3
Size (of disclosed) 22 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-01 MagnaChip

Cheongju-si, Luxembourg

MagnaChip is a designer, developer and manufacturer of mixed-signal and digital multimedia semiconductors. It focuses on CMOS image sensors and flat panel display drivers designed for a wide variety of consumer electronics applications such as mobile handsets, flat panel televisions, computer monitors, digital cameras and PDAs. Magnachip Semiconductor was founded in 2004 and is based in Cheongju-si, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 IWCO Direct

Chanhassen, Minnesota, United States

IWCO Direct provides direct marketing solutions focused on customer acquisition, retention and engagement to financial services, media, and consumer products companies in the U.S. IWCO Direct was founded in 1969 and is based in Chanhassen, Minnesota.

Buy -