M&A Deal Summary

Energy Transfer Acquires SemGroup

On September 16, 2019, Energy Transfer acquired energy services and equipment company SemGroup for 5.1B USD

Acquisition Highlights
  • This is Energy Transfer’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Energy Transfer’s 3rd largest (disclosed) transaction.
  • This is Energy Transfer’s 7th transaction in the United States.
  • This is Energy Transfer’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2019-09-16
Target SemGroup
Sector Energy Services and Equipment
Buyer(s) Energy Transfer
Deal Type Add-on Acquisition
Deal Value 5.1B USD
Advisor(s) Jefferies (Financial)
Kirkland & Ellis (Legal)

Target

SemGroup

Tulsa, Oklahoma, United States
website
SemGroup Corp. moves energy across North America through a network of pipelines, processing plants, refinery-connected storage facilities and deep-water marine terminals with import and export capabilities. SemGroup serves as a versatile connection between upstream oil and gas producers and downstream refiners and end-users. Key areas of operation and growth include western Canada, the Mid-Continent and the Gulf Coast. SemGroup is committed to safe, environmentally sound operations. Headquartered in Tulsa, Okla., the company has additional offices in Calgary, Alberta; Denver, Colo.; and Houston, Texas. SemGroup uses its Investor Relations website and social media outlets as channels of distribution of material company information. SemGroup Corporation was founded in 2000 and is headquartered in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

Energy Transfer

Dallas, Texas, United States

website

Category Company
Founded 1996
Sector Energy Services and Equipment
Employees12,565
Revenue 89.9B USD (2022)
DESCRIPTION

Energy Transfer is a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of complementary crude oil, refined products, and natural gas liquids pipeline, terminalling and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil, refined products, and natural gas liquids. Energy Transfer was incorporated in 1996 and is based in Dallas, Texas.

DEAL STATS #
Overall 8 of 12
Sector (Energy Services and Equipment) 3 of 5
Type (Add-on Acquisition) 3 of 6
State (Oklahoma) 1 of 2
Country (United States) 7 of 11
Year (2019) 2 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Energy Transfer Canada

Calgary, Alberta, Canada

Energy Transfer Canada operates three world-class sour gas plants with a combined licensed processing capacity of 1.7 bcf/d, and three sweet gas processing plants with a combined licensed processing capacity of over 800 mmcf/d.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Enable Midstream Partners

Oklahoma City, Oklahoma, United States

Enable Midstream Partners is an operator and developer strategically located natural gas and crude oil infrastructure assets. Enable’s assets include approximately 12,900 miles of gathering pipelines, 14 major processing plants with approximately 2.5 Bcf/d of processing capacity, approximately 7,800 miles of interstate pipelines, approximately 2,200 miles of intrastate pipelines, and eight storage facilities comprising 85.0 billion cubic feet of storage capacity. Enable Midstream Partners was founded in 2013 and is based in Oklahoma City, Oklahoma.

Buy $7.2B
Mergr

Product

Company

Legal