McJunkin to acquire CIGMA
Product DetailsMcJunkin Corporation, Charleston, WV, has signed a letter of intent to acquire substantially all the assets of CIGMA LLC of Indianapolis, IN. Founded in 1997 to provide gas products and integrated supply services, CIGMA is a jointly held subsidiary of Vectren Corporation of Evansville, IN and Citizens Gas & Coke Utility of Indianapolis, IN.
Bernie Wehrle, President of McJunkin Corporation, said of the acquisition, "By joining with CIGMA, a recognized leader in gas products and integrated supply services, we strengthen an important growth initiative for us."
Herb Van Keuren, President of CIGMA said, "CIGMA is excited about the opportunity to be part of the McJunkin team, it is a great strategic fit. Our sharp focus on the product and service needs of the natural gas ...