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New Deal


Announced

Completed

Kinder Morgan completed the acquisition of Kinetrex Energy from Parallel49 Equity for $310m.

Financials

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Transaction Value£224m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Friendly

liquefied natural gas

liquefied natural

Single Bidder

Private Equity

United States

Private

Integrated Oil and Gas

Acquisition

Majority

Completed

Synopsis

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Kinder Morgan, an energy infrastructure company, completed the acquisition of Kinetrex Energy, a provider of environmentally friendly renewable natural gas and liquid natural gas, from Parallel49 Equity, a private equity firm, for $310m. “We are very pleased to be adding Kinetrex Energy’s business to the full suite of energy solutions and services that Kinder Morgan has to offer customers. We’re confident that additional RNG opportunities will continue to emerge in the near term and deliver attractive returns to our shareholders," Jesse Arenivas, Kinder Morgan ETV President.

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