2021 News Releases

  1. Parallel49 Equity Completes Sale of Kinetrex Energy

    LAKE FOREST, Ill., August 24, 2021-Parallel49 Equity today announced the successful closing of the sale of Indianapolis-based Kinetrex Energy to Kinder Morgan, Inc. (NYSE – KMI) for $310 million.  Parallel49’s Fund V acquired Kinetrex in December 2016.  The Transaction represents firm’s largest ever multiple of invested capital on single