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Miller Pipeline purchases Illinois-based contractor

IBJ Staff
December 7, 2009
Keywords
Deals, Energy & Environment, Gas, Mergers & Acquisitions, Utilities, Vectren
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Indianapolis-based Miller Pipeline Corp. announced Monday morning that it has purchased Illinois-based Elcon Pipeline Inc., marking the company’s fifth acquisition in the past four years.
   
Terms of the deal were not disclosed.

Miller Pipeline, a natural gas distribution, transmission pipeline and utility contractor, now has a presence in 23 states, stretching from Florida to Indiana and from New Jersey to Kansas. Elcon is located in Rosamond, Ill., south of Decatur. It is a contractor for the St. Louis-based Ameren Corp. utility.
 
“This acquisition provides Miller with the opportunity to enter a new geographic market and develop long-term relationships with new customers,” Miller Pipeline CEO Doug Banning said in a prepared statement. “Consolidating our efforts enables us to offer gas distribution, transmission and repair services to the utility marketplace in Illinois.”

Founded in 1953, Miller Pipeline is owned by Evansville-based Vectren Corp.
 

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  1. First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.

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