Texas Monthly has been
bought by Texas Monthly LLC, a new affiliate of Enterprise Products Company
(EPCO), a privately held firm, the magazine reports.
Randa Duncan Williams
is chair of Texas Monthly LLC and EPCO. Forbes puts her estimated net worth at
more than $6 billion. Williams’ father is the late oil billionaire Dan Duncan,
founder of Houston-based Enterprise Products Partners.
The purchase comes
less than three years after the magazine was sold to Genesis
Park , a Houston-based private equity
firm founded by Paul Hobby, whose father was a Texas
“I have been an avid Texas Monthly reader
since I was a teenager,” Williams said in a statement.
“She wants to own it
forever,” said Texas Monthly president Scott Brown.
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