Investment Summary

KKR, Shell Midstream and Chevron Invest In Colonial Pipeline

On October 11, 2010, private equity firm KKR, Shell Midstream and Chevron invested in energy services and equipment company Colonial Pipeline

Investment Highlights
  • This is KKR’s 1st, Shell Midstream’s 1st and Chevron’s 2nd transaction in the Energy Services and Equipment sector.
  • This is KKR’s 39th, Shell Midstream’s 1st and Chevron’s 5th transaction in the United States.
  • This is KKR’s 3rd, Shell Midstream’s 1st and Chevron’s 1st transaction in Georgia.

Investment Summary
Date 2010-10-11
Target Colonial Pipeline
Sector Energy Services and Equipment
Investor(s) KKR
Shell Midstream
Chevron
Deal Type Stake Purchase

Target

Colonial Pipeline

Atlanta, Georgia, United States
Colonial Pipeline is a refined products pipeline in North America, running from supply centers in the Gulf Coast to customers located along the Eastern seaboard of the United States. Colonial Pipeline was founded in 1962 and is based in Atlanta, Georgia.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 3

Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 85 of 483
Sector (Energy Services and Equipment) 1 of 11
Type (Stake Purchase) 8 of 67
State (Georgia) 3 of 7
Country (United States) 39 of 210
Year (2010) 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-25 Visma

Oslo, Norway

Visma offers software and services that simplify and digitize core business processes in the private and public sectors. Visma was founded in 1985 and is based in Oslo, Norway.

Buy Nkr11.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-08 China International Capital

Beijing, China

China International Capital Corporation is a provider of financial services in Mainland China and internationally. Its business scope includes economic, securities, and market research, debt and equity issuance and underwriting, merger and acquisition advisory, equity sales, and trading, fixed income, principal investment, asset management, wealth management, private equity, and investment advisory. China International Capital Corporation was founded in 1995 and is based in Beijing, China.

Buy -
Investor

Shell Midstream

Houston, Texas, United States
Category Company
Founded 2014
Sector Energy Services and Equipment
Revenue 481M USD (2020)
DESCRIPTION

Shell Midstream owns, operates, develops, and acquirer of pipelines and other midstream assets. Shell Midstream Partners’ assets consist of pipelines, crude tank storage and terminal systems that serve as key infrastructure to transport and store onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from Gulf Coast markets to major demand centers. Shell Midstream was founded in 2014 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 10
Sector (Energy Services and Equipment) 1 of 7
Type (Stake Purchase) 1 of 8
State (Georgia) 1 of 2
Country (United States) 1 of 9
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-11 Pecten Midstream

Mexico

Pecten Midstream LLC is an owns an operator of Lockport Crude Terminal (Lockport) and Auger Pipeline System (Auger).

Buy $390M
Investor

Chevron

San Ramon, California, United States
Category Company
Founded 1879
Sector Oil/Gas Exploration
Employees45,600
Revenue 196.9B USD (2023)
DESCRIPTION
Chevron office in downtown Houston, Texas.
Chevron office in downtown Houston, Texas.

Chevron is a fully integrated energy company. Its business includes petroleum operations, chemicals, mining operations, power generation and energy services. Chevron's exploration and production operations consists of exploration, development and production of crude oil and natural gas. Chevron was incorporated in 1879 and is based in San Ramon, California.

DEAL STATS #
Overall 6 of 19
Sector (Energy Services and Equipment) 2 of 3
Type (Stake Purchase) 1 of 3
State (Georgia) 1 of 1
Country (United States) 5 of 16
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-30 Venice Energy Services

Venice, Louisiana, United States

Venice Energy Services Co. LLC is consists of two cryogenic trains with a total processing capacity of 750 MMcf/d and a FERC regulated pipeline (the "Venice Gathering System") that gathers gas from the outer continental shelf of the Gulf of Mexico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-09 Atlas Energy

Pennsylvania, United States

Atlas Energy, Inc. is an independent natural gas producers in the Appalachia and Michigan Basins and a developer in the Marcellus Shale in Pennsylvania.

Buy $4.3B
Mergr

Product

Company

Legal