For Immediate Release
December 2, 2011
Ewing Bemiss & Co. Announces the Sale of Southtex Treaters, Inc.
Richmond, Virginia –Ewing Bemiss & Co. is pleased to announce the sale of Southtex Treaters, Inc. (“Southtex”) to Kinder Morgan Energy Partners, LP (“Kinder Morgan”). Ewing Bemiss & Co. served as the exclusive financial advisor to Southtex in the transaction. On November 29th, Southtex was acquired for a purchase price of $155 million.
Based in Odessa, Texas, Southtex is a leading manufacturer, designer, fabricator, and operator of natural gas processing plants. Its major products include amine plants, glycol dehydrators, and crude stabilizers.
Kinder Morgan owns pipelines and storage facilities for natural gas, gasoline, crude oil and other products. The Company is based in Houston, Texas.
Ewing Bemiss & Co. is an investment bank focused on delivering superior service and optimal results to middle market energy companies. Since its founding in 1992, Ewing Bemiss & Co. has given clients across a broad range of generating, processing, and manufacturing and services sectors the benefit of its extensive transaction experience and strong relationship orientation. Ewing Bemiss & Co.'s core services include Merger and Acquisition Advisory, Private Capital Formation, Financial Restructuring and Strategic Advisory.
Ewing Bemiss & Co. is widely recognized for in-depth sector knowledge and expertise developed through proactive research, years of dedicated service and the development of strong relationships within the energy sector.
For more information, please visit www.ewingbemiss.com or contact:
Brent S. Belding