One-Page Deal Sheet
Kinder Morgan Completes Purchase of Midstream Joint Venture
Kinder Morgan, Inc. Kohlberg Kravis Roberts & Co. (KKR)
Announced Date
June 04,2012
Close Date
June 04,2012
Transaction Type
Asset
Transaction Details: Require Private Equity Subscription
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that it has completed its acquisition of a 50 percent interest in a joint venture that owns the Altamont gathering, processing and treating assets in the Uinta Basin in Utah and the Camino Real gathering system in the Eagle Ford Shale in Texas from Kohlberg Kravis Roberts & Co. L.P. for $300 million in KMP units. Kinder Morgan now owns 100 percent of the joint venture, 50 percent at KMP and 50 percent at Kinder Morgan, Inc. (NYSE: KMI). The transaction is expected to be immediately accretive to KMP’s distributable cash flow.
With…
Gulf Coast - South Texas Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Nov-11-2020 |
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Click here | Texas | Midstream |
| Nov-02-2020 |
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| Nov-08-2019 |
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| Mar-20-2019 |
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| Aug-09-2018 |
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Click here | Texas | Midstream |