M&A Deal Summary |
|
|---|---|
| Date | 2020-01-21 |
| Target | Magellan Midstream Partners - Select Marine Terminals |
| Sector | Energy Services and Equipment |
| Buyer(s) | Buckeye Partners |
| Sellers(s) | Magellan |
| Deal Type | Divestiture |
| Deal Value | 250M USD |
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| Category | Company |
|---|---|
| Founded | 1886 |
| Sector | Energy Services and Equipment |
| Employees | 1,850 |
| Revenue | 4.1B USD (2018) |
Buckeye Partners L.P. owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. Buckeye Partners is one of the largest independent liquid petroleum products pipeline operators in the United States in terms of volumes delivered, with approximately 6,000 miles of pipeline. Buckeye also uses its expertise to operate and/or maintain third party pipelines and perform certain engineering and construction services for our customers. Buckeye Partners was originally established in 1886 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 5 |
| Sector (Energy Services and Equipment) | 2 of 3 |
| Type (Divestiture) | 2 of 2 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-12-18 |
Buckeye Partners - Jet Fuel Pipeline and Terminal Assets
United States Buckeye Partner's Jet Fuel Pipeline and Terminal Assets provides operations and maintenance, asset development and construction services for pipeline and energy assets across the United States. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-05 |
Bear Head Energy
Dartmouth, Nova Scotia, Canada Bear Head Energy owns a clean energy development project located in an industrial complex located on 251 acres of land and a 68-acre water lot on the northeast bank of the Strait of Canso, the Project enjoys access to one of the northern-most, year-round ice-free ports with advantaged proximity to critical demand markets in AtlaBear Head Energy. Bear Head Energy is based in Dartmouth, Nova Scotia. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2000 |
| Sector | Energy Services and Equipment |
| Revenue | 3.2B USD (2022) |
Magellan is a partnership that primarily transports, stores, and distributes refined petroleum products and crude oil. It owns a refined petroleum products pipeline system with access to nearly 50% of the nation's refining capacity and can store more than 100 million barrels of petroleum products such as gasoline, diesel fuel, and crude oil. Magellan was founded in 2000 and is based in Tulsa, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-07-27 |
Longhorn Pipeline Holdings
Houston, Texas, United States Longhorn Pipeline Holdings LLC is an owns a 764-mile pipeline designed to transport refined petroleum products from the U.S. Gulf Coast refineries to terminals in Odessa and El Paso, Texas. |
Buy | - |
