Kinder Morgan leads transportation asset buying spree

Petroleum pipeline and storage companies are buying and selling assets to realign and strengthen their portfolios.In one of the larger transactions announced recently, Kinder Morgan Energy Partners LP (KMP), Houston, will purchase from GATX Terminals Corp., a subsidiary of Chicago-based GATX Corp., its US pipeline and terminal businesses for $1.15 billion cash and assumed debt.And KMP continued its buying spree.In a separate deal, announced early last week, KMP acquired Delta Terminal Services Inc. for about $114 million cash. The acquisition includes two liquid bulk storage terminals in New Orleans and Cincinnati.And Nova Chemicals Corp. used its first-refusal right to acquire Dow Chemic...

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