Kinder Morgan

(KMI) - Get Report

agreed to go private for $107.50 a share, or $15 billion.

The Houston-based energy distribution and storage company said the buying group includes CEO Richard D. Kinder, co-founder Bill Morgan, and board members Fayez Sarofim and Mike Morgan. The buyout is being led by Goldman Sachs Capital Partners, American International Group, The Carlyle Group and Riverstone Holdings.

The deal offers a 6% premium to Kinder Morgan shareholders, whose shares closed Friday at $101.70. The deal calls for the buyers to assume $7 billion in debt.

The purchase price represents a premium of approximately 27% over the stock price May 26, the last trading day before the group made a $100-a-share proposal to take the company private.