August 18, 2014
Michael Aiello, Chairman of Weil’s Corporate Department and a member of the Firm’s Management Committee, has been selected as “Dealmaker of the Week” by The Am Law Daily for his role advising Kinder Morgan Inc. in its acquisition of all the outstanding equity securities of Kinder Morgan Energy Partners, Kinder Morgan Management and El Paso Pipeline Partners – a transaction with a total value of approximately $70 billion.
Through this deal, Kinder Morgan – a longstanding client of the Firm – will combine all four entities into one publicly traded company, creating the third largest energy company in the United States and the largest energy infrastructure company in North America. The deal is the largest energy M&A transaction since Exxon merged with Mobil in 1999.
This transaction represents a tremendous team effort – within Weil as well as with client Kinder Morgan and co-counsel Bracewell & Giuliani. In describing the work that went into completing the transaction, Mr. Aiello said, “The most challenging thing was how do you coordinate four companies and three transactions all that are conditioned on one another getting done? Just imagine how difficult it is to negotiate one M&A transaction, and this was three at the same time.”
Weil’s history with Kinder Morgan dates back to 2006 when the Firm advised Kinder Morgan’s CEO and senior company management as several senior managers and a group of investors took the company private. The Firm has since advised Kinder Morgan on a series of significant transactions.
Led out of the New York office, Mr. Aiello was able to draw upon a strong team across the Firm’s Dallas, New York and Washington, D.C. offices. To read the full deal announcement on this matter, click here.