Printer Friendly

Deal snapshot: CAPSTONE ADVISES KINETREX ENERGY ON INDIANA ACQUISITION.

MANews-(C)2009-2016

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.

Country: USA

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:

Type: Stakebuilding

Financing:

Status: Closed

Buyer advisor: Capstone, ,

Comment: Terms of the deal were not disclosed

COPYRIGHT 2016 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Geographic Code:1U3IN
Date:Oct 24, 2016
Words:147
Previous Article:Deal snapshot: SINGAPORE'S CLOUDARON ACQUIRES ENCRYPTION STARTUP ITWIN, CLOUD INTEGRATION SPECIALIST PRO-DATECH.
Next Article:Deal snapshot: AMEDISYS CLOSES USD 4.6M ACQUISITION OF VISITING NURSE ASSOCIATION OF LONG ISLAND.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters