Deal snapshot: CAPSTONE ADVISES KINETREX ENERGY ON INDIANA ACQUISITION.
US-based management consulting firm Capstone's client, US-based utility operator Citizens Energy Group, on the acquisition, through its Kinetrex Energy Exploration and Production subsidiary, of a 50% working interest in oil assets in Knox County, Indiana from Trey Exploration, the firm said.
Capstone advised KEEP on the transaction. KEEP is a subsidiary of Citizens focused on the exploration and production of oil. Founded in 1887 as a public charitable trust, Citizens is a broad-based utility service company providing natural gas, thermal energy, water and wastewater services to about 800,000 people and thousands of businesses in the Indianapolis area.
Sector: Petroleum/Natural Gas/Coal
Target: 50% working interest in oil assets in Knox County
Buyer: Kinetrex Energy Exploration and Production
Vendor: Trey Exploration
Deal size in USD:
Buyer advisor: Capstone, ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Oct 24, 2016|
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