PORT HURON, Mich., April 6 /PRNewswire/ -- SEMCO ENERGY, Inc.
(Nasdaq: SMGS) today announced that it has purchased Iowa Pipeline Associates,
The Council Bluffs, Iowa-based company builds underground natural gas
pipelines and local gas distribution networks for customers in Iowa, Kansas,
Missouri and Nebraska. The company will continue to operate as Iowa Pipeline
Associates, Inc., a business unit of SEMCO ENERGY VENTURES.
William E. Mudge, President of Iowa Pipeline Associates, will continue in
William L. Johnson, Chairman, President and Chief Executive Officer of
SEMCO ENERGY, Inc., said, "Growing our construction services is crucial as we
focus our company on becoming one of the largest providers of underground
engineering and construction services in North America. By acquiring Iowa
Pipeline Associates, we have expanded our capacity to provide quality
engineering and construction services for an ever-widening customer base. We
are delighted to have a person of Bill Mudge's experience and operating
abilities as part of our management team."
Iowa Pipeline Associates has annual revenue of approximately $10 million
and employs some 185 individuals. The purchase price was undisclosed.
This is SEMCO ENERGY's second acquisition in 1999. In February, the
Company bought K&B Construction, Inc., an underground gas distribution
pipeline construction company based in Kansas City, KS.
SEMCO ENERGY VENTURES operates businesses involved in pipeline engineering
and quality assurance services, construction services, propane distribution,
intrastate pipelines and natural gas storage businesses in Iowa, Kansas,
Louisiana, Michigan, Missouri, Nebraska, New Jersey, Tennessee, Texas and
SEMCO ENERGY, Inc., a diversified energy services and infrastructure
company, also owns SEMCO ENERGY GAS COMPANY, which distributes natural gas to
250,000 residential, industrial and commercial customers in Michigan's Upper
and Lower Peninsula.
SOURCE SEMCO ENERGY, Inc.
CONTACT: Media: Francis R. Lieder, Jr., 810-987-2200, ext. 4186, or fax, 810-989-4098, or Analysts: Edric R. Mason, Jr., 810-989-4104, or fax, 810-989-4098, both of SEMCO ENERGY