Kinder Morgan Acquires Kinetrex Energy

July 16, 2021

Kinder Morgan, Inc. agreed to acquire Indianapolis-based Kinetrex Energy from an affiliate of Parallel49 Equity for $310 million. The acquisition brings Kinetrex's LNG fueling business and growing renewable natural gas (RNG) platform — including a 50% interest in a major Indiana RNG facility and three additional landfill RNG projects under development — into Kinder Morgan's Energy Transition Ventures to expand its RNG capabilities.

Buyers
Kinder Morgan, Inc.
Targets
Kinetrex Energy
Sellers
Parallel49 Equity
Industry
Renewable Energy
Location
Indiana, United States
Transaction Type
Buyout

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