M&A Deal Summary

MPLX Acquires Andeavor Logistics

On May 8, 2019, MPLX acquired transportation company Andeavor Logistics for 14.0B USD

Acquisition Highlights
  • This is MPLX’s 1st transaction in the Transportation sector.
  • This is MPLX’s largest (disclosed) transaction.
  • This is MPLX’s 1st transaction in the United States.
  • This is MPLX’s 1st transaction in Ohio.

M&A Deal Summary
Date 2019-05-08
Target Andeavor Logistics
Sector Transportation
Buyer(s) MPLX
Deal Type Merger
Deal Value 14.0B USD
Advisor(s) Goldman Sachs (Financial)
Sidley (Legal)

Target

Andeavor Logistics

Findlay, Ohio, United States
website
Andeavor Logistics LP is a fee-based, full-service, diversified midstream logistics company, with integrated assets across the western and mid-continent regions of the United States. Andeavor Logistics operates through three business segments: Terminalling and Transportation, Gathering and Processing and Wholesale. Andeavor Logistics LP was founded in 2010 and is based in Findlay, Ohio.

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Buyer(S) 1

Buyer

MPLX

Findlay, Ohio, United States

website

Category Company
Founded 2012
Sector Energy Services and Equipment
Revenue 9.6B USD (2021)
DESCRIPTION

MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. MPLX was founded in 2012 and is based in Findlay, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Merger) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal