Andeavor Mergers and Acquisitions Summary

Energy Services And EquipmentCompany

Andeavor has acquired 6 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 5 assets.

Andeavor’s largest acquisition to date was in 2016, when it acquired Western Refining for $6.4B. It’s largest disclosed sale occurred in 2016, when it sold Tesoro Corp - Alaska Storage and Terminalling Assets to Andeavor Logistics for $444M. Andeavor has acquired in 5 different US states. The Company’s most targeted sectors include energy services and equipment (50%) and oil/gas exploration (50%).

Join Mergr and gain access to Andeavor’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity6
    • M&A Sell Activity5
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5

Andeavor

19100 Ridgewood Parkway,
San Antonio, Texas 78259
United States,
(210) 626-6000
www.tsocorp.com

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.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.0/yr) # 6 - - - - - 6
vol $8.9B $8.9B
Sell (0.0/yr) # 5 - - - - - 5
vol $978M $978M
  11

Most Recent M&A

Company Date Value Type
Western Refining, Inc. 2016-11-17 6.4B USD Add-on Acquisition
El Paso, Texas · www.wnr.com
Virent Energy Systems, Inc. 2016-09-06 - Add-on Acquisition
Madison, Wisconsin · www.virent.com
Tesoro Corp - Alaska Storage and Terminalling Assets 2016-07-01 444M USD Divestiture
, United States
Dakota Prairie Refining LLC 2016-06-28 - Add-on Acquisition
Dickinson, North Dakota · www.dprefining.com
Great Northern Midstream LLC 2015-12-08 - Add-on Acquisition
Houston, Texas · www.gnmllc.com
Flint Hills Resources - Marketing & Logistics Assets 2015-11-23 - Divestiture
, Alaska
Tesoro Alaska Pipeline Co., LLC 2014-09-30 29M USD Divestiture
San Antonio,, Texas
Tesoro Hawaii LLC 2013-06-17 325M USD Divestiture
Kapolei, Hawaii
Tesoro Refining & Marketing Co., LLC 2012-11-15 180M USD Divestiture
San Antonio,, Texas
Atlantic Richfield Company (ARCO) 2012-08-13 2.5B USD Divestiture
La Palma, California · www.arco.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 3 (50%) 2.5B (28%) 3 (60%) 653M (67%)
Energy Services and Equipment 3 (50%) 6.4B (72%) - -
Retail - - 1 (20%) 325M (33%)
Transportation - - 1 (20%) -
Total 6 $8.9B 5 $978M

By Geo

State/Country Buy Value Sell Value
United States 6 8.9B 5 978M
  Texas 2 6.4B 2 209M
  Wisconsin 1 - - -
  North Dakota 1 - - -
  California 1 2.5B - -
  Alaska 1 - - -
  Ohio - - 1 -
  Hawaii - - 1 325M
Total 6 $8.9B 5 $978M

Deal Values

buy # Total
> $1B 2 $8.9B
TOTAL $8.9B
Largest Western Refining, Inc.
$6.4B (2016-11-17)
sell # Total
$100M to $1B 3 $949M
< $100M 1 $29M
TOTAL $978M
Largest Tesoro Corp - Alaska Storage and Terminalling Assets
$444M (2016-07-01)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Strategic(s)
33%
2 (33%)
Divested to
Strategic(s)
80%
4 (80%)

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