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PRINT THIS PAGE GS Capital Partners and Kelso & Company acquire Coffeyville Resources14/07/2005. Source: AltAssets. 
 New York-headquartered GS Capital Partners, the private equity arm of the Goldman Sachs Group, and private equity investment firm Kelso & Company, also headquartered in New York, have acquired Coffeyville Resources through their acquisition vehicle, Coffeyville Acquisitions. Financial terms of the transaction have not been disclosed.
Kansas City-based Coffeyville Resources is a petroleum refiner and producer of fertilizer products. The company says it generates more than $1.7bn in annual revenues.
Former managing director and partner with Houston-based advisory and management firm Prudentia Energy, Jack Lipinski, has been named chief executive officer of Coffeyville Resources. Prior to joining Prudentia Energy, Lipinski was executive vice president - refining & chemicals for El Paso Corporation and vice president - refining for The Coastal Corporation.
'We had been investigating options for the future of the company for some time,' said Stan Riemann, Coffeyville Resources' chief operating officer. 'We are delighted GS Capital Partners and Kelso & Company recognized the quality and talent of our people and the long-term value of our company.'
Goldman Sachs's current primary investment vehicle is the $8.5bn GS Capital Partners V fund.
Kelso & Company makes equity investments on behalf of investment partnerships, which it manages.
Copyright © 2005 AltAssets
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