M&A Deal Summary

Par Pacific Acquires Tesoro Hawaii

On June 17, 2013, Par Pacific acquired retailer Tesoro Hawaii from Andeavor for 325M USD

Acquisition Highlights
  • This is Par Pacific’s 1st transaction in the Retail sector.
  • This is Par Pacific’s 2nd largest (disclosed) transaction.
  • This is Par Pacific’s 1st transaction in the United States.
  • This is Par Pacific’s 1st transaction in Hawaii.

M&A Deal Summary
Date 2013-06-17
Target Tesoro Hawaii
Sector Retail
Buyer(s) Par Pacific
Sellers(s) Andeavor
Deal Type Divestiture
Deal Value 325M USD

Target

Tesoro Hawaii

Kapolei, Hawaii, United States
Tesoro Hawaii LLC which operates the 94,000 barrel per day Kapolei refinery, retail stations and associated logistical assets.

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Buyer(S) 1

Buyer

Par Pacific

Houston, Texas, United States

website

Category Company
Founded 1984
Sector Energy Services and Equipment
Employees1,403
Revenue 7.3B USD (2022)
DESCRIPTION

Par Pacific is a provider of petroleum products. Par, through its subsidiaries, owns and operates a 94,000 bpd refinery with related logistics and retail network in Hawaii. Par also transports, markets and distributes crude oil from Western U.S. and Canada to Hawaii and other refining hubs in the Midwest, the Gulf Coast, and the East Coast. Par Pacific was founded in 1984 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 4
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 4
State (Hawaii) 1 of 2
Country (United States) 1 of 4
Year (2013) 1 of 1
Size (of disclosed) 2 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Mid Pac Petroleum

Honolulu, Hawaii, United States

Mid Pac Petroleum LLC is a acquisition, distribution and marketing of petroleum products in the State of Hawaii.

Buy $107M

Seller(S) 1

SELLER

Andeavor

San Antonio, Texas, United States

website

Category Company
Founded 1968
Sector Energy Services and Equipment
Employees6,000
Revenue 34.2B USD (2017)
DESCRIPTION
Tesoro's corporate headquarters in San Antonio, Texas.
Tesoro's corporate headquarters in San Antonio, Texas.

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.

DEAL STATS #
Overall 3 of 5
Sector (Retail) 1 of 1
Type (Divestiture) 2 of 4
State (Hawaii) 1 of 1
Country (United States) 3 of 5
Year (2013) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-15 Tesoro Refining & Marketing

San Antonio,, Texas, United States

Tesoro Refining & Marketing Company LLC offers refining and marketing of motor fuels and petroleum products.

Sell $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 Tesoro Alaska Pipeline

San Antonio,, Texas, United States

Tesoro Alaska Pipeline Co., LLC, which owns a refined products pipeline.

Sell $29M
Mergr

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