M&A Deal Summary

Panhandle Eastern Pipe Line Acquires Southern Union

On January 10, 2014, Panhandle Eastern Pipe Line acquired oil/gas exploration company Southern Union

Acquisition Highlights
  • This is Panhandle Eastern Pipe Line’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Panhandle Eastern Pipe Line’s 1st transaction in the United States.
  • This is Panhandle Eastern Pipe Line’s 1st transaction in Texas.

M&A Deal Summary
Date 2014-01-10
Target Southern Union
Sector Oil/Gas Exploration
Buyer(s) Panhandle Eastern Pipe Line
Deal Type Add-on Acquisition

Target

Southern Union

Houston, Texas, United States
Southern Union Co. engages in the gathering, processing, transportation, storage, and distribution of natural gas in the United States.

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Buyer(S) 1

Buyer

Panhandle Eastern Pipe Line

Dallas, Texas, United States
Category Company
Founded 1929
Sector Utilities
Employees562
DESCRIPTION

Panhandle Eastern Pipe Line Co., LP. engages in the interstate transportation and storage of natural gas.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Mergr

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