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Kinder Morgan Adds Tejas Gas To Christmas List

Kinder Morgan Energy Partners LP (KMP) added the massive eastern Texas pipeline system of Tejas Gas LLC to its shopping cart this Christmas. The company said it’s buying Tejas, a wholly owned subsidiary of InterGen (North America) Inc. — which is a joint venture of Royal Dutch Shell and Bechtel — for $750 million in cash, or “a little less than eight times the [annual] EBITDA of the system,” according to CEO Richard Kinder.

December 24, 2001

Kinder Morgan Adds Tejas Gas To Christmas List

Kinder Morgan Energy Partners LP (KMP) added the massive eastern Texas pipeline system of Tejas Gas LLC to its shopping cart this Christmas. The company said it’s buying Tejas, a wholly owned subsidiary of InterGen (North America) Inc. — which is a joint venture of Royal Dutch Shell and Bechtel — for $750 million in cash, or “a little less than eight times the [annual] EBITDA of the system,” according to CEO Richard Kinder.

December 18, 2001

Altra Throws TransEnergy Into Its Shopping Cart

Not to be outdone by its integrated energy industry brethren,the energy transaction software industry is also conducting itsfair share of consolidation. Altra Energy announced its third majoracquisition of the year last Monday, as the Houston-based softwareprovider entered into a definitive agreement to purchaseTransEnergy. Terms of the deal between the two private companieswere not disclosed, but Paul Bourke, Altra’s CEO, said the combinedcompany’s annual revenue will grow into the $50 to $100 millionrange.

July 5, 1999

Altra Throws TransEnergy into Shopping Cart

Not to be outdone by its integrated energy industry brethren,the energy transaction software industry is also encountering itsfair share of consolidation. Altra Energy announced its third majoracquisition of the year Monday, as the Houston-based softwareprovider entered into a definitive agreement to purchaseTransEnergy. Terms of the agreement between the two privatecompanies were not disclosed, but Paul Bourke, Altra’s CEO, saidthe combined company’s annual revenue will grow into the $50 to$100 million range.

June 29, 1999