Buckeye Partners - M&A Summary, Ownership, and Business Overview

Energy Services And EquipmentCompany

Buckeye Partners M&A Summary

Buckeye Partners has acquired 5 companies of its own, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Buckeye Partners’ largest acquisition to date was in 2010, when it acquired Bahamas Oil Refining Company International for $1.4B. Buckeye Partners has acquired in 2 different US states, and 4 countries. The Company’s most targeted sectors include energy services and equipment (60%) and oil/gas exploration (20%).

Buckeye Partners Ownership

Who owns Buckeye Partners?

Buckeye Partners is owned by IFM Investors Private Equity. It was acquired on May 10, 2019.

Is Buckeye Partners PE-backed?

Yes. Buckeye Partners is owned by private equity investor IFM Investors Private Equity.

Was Buckeye Partners formerly PE-backed?

Yes. Buckeye Partners was formerly owned by 4 private investors.

Buckeye Partners Business Overview

Where is Buckeye Partners headquartered?

Buckeye Partners is headquartered in Houston, Texas.

What is Buckeye Partners’ revenue?

Buckeye Partners disclosed revenue of 4,108M USD for 2018 and 3,648M USD for 2017.

How many employees does Buckeye Partners have?

Buckeye Partners has 1,850 employees.

What sector is Buckeye Partners in?

Buckeye Partners is an energy services and equipment company.

When was Buckeye Partners founded?

Buckeye Partners was founded in 1886.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 6
  • M&A Advisors 1

Buckeye Partners L.P.

One Greenway Plaza, Suite 600,
Houston, Texas 77046
United States,
(832) 615-8600
www.buckeye.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 3 1 - 1 - - 5
vol $2.2B $250M $2.5B
Sell (0.0/yr) # 1 - - - - - 1
  6

Most Recent M&A

Company Date Value Type
Bear Head Energy, Inc. 2022-05-05 - Add-on Acquisition
Dartmouth, Nova Scotia
Magellan Midstream Partners LP - Select Marine Terminals 2020-01-21 250M USD Divestiture
Tulsa, Oklahoma
Buckeye Partners - Jet Fuel Pipeline and Terminal Assets 2018-12-18 - Divestiture
, United States
VTTI BV 2016-10-24 - Stake Purchase
Rotterdam, Netherlands · www.vtti.com
Hess U.S. East Coast & St. Lucia Terminal Network 2013-10-09 850M USD Divestiture
, United States
Bahamas Oil Refining Company International Ltd. 2010-12-20 1.4B USD Add-on Acquisition
Freeport, Bahamas · www.borcointernational.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 3 (60%) 250M (10%) 1 (100%) -
Infrastructure 1 (20%) 1.4B (55%) - -
Oil/Gas Exploration 1 (20%) 850M (35%) - -
Total 5 $2.5B 1 -

By Geo

State/Country Buy Value Sell Value
United States 2 1.1B 1 -
  Oklahoma 1 250M - -
Bahamas 1 1.4B - -
Canada 1 - - -
  Nova Scotia 1 - - -
Netherlands 1 - - -
Domestic 2 (40%) 1.1B (45%) 1 (100%) -
Cross-border 3 (60%) 1.4B (55%) - -
Total 5 $2.5B 1 -

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 2 $1.1B
TOTAL $2.5B
Largest Bahamas Oil Refining Company International Ltd.
$1.4B (2010-12-20)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Strategic(s)
60%
3 (60%)
Divested to
Strategic(s)
100%
1 (100%)

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