Kinder Morgan to purchase Kinetrex Energy
HOUSTON — Kinder Morgan Inc. (KMI) has agreed to acquire Indianapolis-based Kinetrex Energy from an affiliate of Parallel49 Equity. Kinetrex is the leading supplier of LNG in the Midwest and a rapidly growing player in producing and supplying renewable natural gas (RNG) under long-term contracts to transportation service providers. Kinetrex has a 50-percent interest in […]
CIRCON Environmental to merge with Chemtron, KilnDirect
LA PORTE, Texas — Kinderhook Industries LLC recently unveiled the merger of CIRCON Environmental, Chemtron Corp. and KilnDirect Inc. Each company was an existing portfolio company of Kinderhook and will be rebranded under the CIRCON Environmental name. The merger will create a leading pureplay provider of sustainable waste management solutions. The vertically integrated platform will […]
ServiceMax acquires LiquidFrameworks
PLEASANTON, Calif. — ServiceMax has signed a definitive agreement to acquire LiquidFrameworks from Luminate Capital Partners. The acquisition enables ServiceMax to expand its field service management solutions to meet the unique challenges of the energy sector. As the market continues to pressure the oil and gas industry to become more capital efficient, oilfield service providers […]
Chart Industries acquires L.A. Turbine
ATLANTA — Chart Industries Inc. has acquired L.A. Turbine (LAT) for $80 million in cash (subject to certain customary adjustments). LAT is a global leader in turboexpander design, engineering, manufacturing, assembly and testing processes for new and aftermarket equipment, with significant in-house engineering expertise. This acquisition aligns with Chart’s inorganic investment principles and contributes to […]
Vecta Environmental acquires Specialized Technologies
AUSTIN, Texas — Vecta Environmental Services LLC has acquired Specialized Technologies LLC (SpecTech), a privately owned industrial services company headquartered in Sulphur, Louisiana. The acquisition expands Vecta’s technical capabilities, including chemical cleaning and degassing services, scale and customer base, while also providing Vecta greater density along the Gulf Coast. “The partnership with the SpecTech team […]
HollyFrontier Corp., Holly Energy Partners combine with Sinclair Oil
DALLAS — HollyFrontier Corp. and Holly Energy Partners LP (HEP) have entered into definitive agreements under which HollyFrontier and HEP will acquire Sinclair Oil Corp. and Sinclair Transportation Co. from The Sinclair Companies. Under the terms of HollyFrontier’s definitive agreement, HollyFrontier will acquire Sinclair’s branded marketing business and all commercial activities, which build on an […]
Carboline Co. acquires Dudick Inc. business
ST. LOUIS — Carboline recently acquired Dudick Inc., a world leader in high-performance coatings, flooring and tank linings headquartered in Streetsboro, Ohio. For over 50 years, Dudick has provided solutions in corrosion resistance and chemical containment systems for food processing, steel production, chemical processing, pulp and paper, electronics, power and biological research labs. Dudick will […]
Enterprise acquires ethylene storage business from NOVA Chemicals
HOUSTON — A subsidiary of Enterprise Products Partners LP has acquired a wholly owned subsidiary of NOVA Chemicals Corp. that operates an ethylene storage business and trading hub in Mont Belvieu, Texas. NOVA Chemicals will be a longterm storage customer in the Enterprise system. “The acquisition, which gives Enterprise ownership of the largest ethylene market […]
