Kinder Morgan Ready To Go Public Again?

By Houston Business Journal

Kinder Morgan Inc. is gearing up for an initial public offering, says Reuters.

The Houston pipeline company, which went private through a $14.6 billion management buyout in 2007, has started looking for banks to handle the IPO, according to a Bloomberg report. Emily Thompson, a spokesperson for Kinder Morgan, said the firm does not comment on speculation.

Kinder Morgan changed its name from Knight Inc. in July of 2009.

The company had changed its name to Knight Inc. after it went private in May of 2007.

When it went private, the sale was to a group of investors including Kinder Morgan Chairman and Chief Executive Officer Richard Kinder, co-founder Bill Morgan, board members Fayez Sarofim and Mike Morgan, and affiliates of Goldman Sachs Capital Partners, American International Group Inc. and certain affiliates (principally AIG Financial Products and AIG Highstar Capital), and private equity firms The Carlyle Group and Riverstone Holdings LLC.

Almost all of its assets are currently owned by Kinder Morgan Energy Partners (NYSE: KMP), according to its Web site.

The company operates or owns an interest in more than 37,000 miles of pipelines that transport products such as natural gas, gasoline, crude oil, coal and carbon dioxide.

Copyright 2010 American City Business Journals

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