M&A Deal Summary

Marathon Petroleum Acquires MarkWest Energy Partners

On December 1, 2015, Marathon Petroleum acquired energy services and equipment company MarkWest Energy Partners for 20.0B USD

Acquisition Highlights
  • This is Marathon Petroleum’s 1st transaction in the Energy Services and Equipment sector.
  • This is Marathon Petroleum’s 2nd largest (disclosed) transaction.
  • This is Marathon Petroleum’s 1st transaction in the United States.
  • This is Marathon Petroleum’s 1st transaction in Colorado.

M&A Deal Summary
Date 2015-12-01
Target MarkWest Energy Partners
Sector Energy Services and Equipment
Buyer(s) Marathon Petroleum
Deal Type Merger
Deal Value 20.0B USD

Target

MarkWest Energy Partners

Denver, Colorado, United States
website
MarkWest Energy Partners L.P. is a master limited partnership that owns and operates midstream service businesses. MarkWest Energy Partners was founded in 1988 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Marathon Petroleum

Findlay, Ohio, United States

website

Category Company
Founded 1887
Sector Energy Services and Equipment
Employees17,700
Revenue 120.0B USD (2021)
DESCRIPTION
Marathon Petroleum's corporate headquarters in Findlay, Ohio.
Marathon Petroleum's corporate headquarters in Findlay, Ohio.

Marathon Petroleum engages in refining, transporting, and marketing petroleum products primarily in the United States. Marathon Petroleum was founded in 1887 and is based in Findlay, Ohio.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Merger) 1 of 2
State (Colorado) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 Andeavor

San Antonio, Texas, United States

Andeavor is a refiner and marketer of petroleum products. Andeavor operates six refineries in the western United States with a combined capacity of 850,000 barrels per day. Andeavor was founded in 1968 and is based in San Antonio, Texas.

Buy $35.6B
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