M&A Deal Summary

Compañía de Petróleos de Chile Copec S. A. Acquires MAPCO Express

On August 29, 2016, Compañía de Petróleos de Chile Copec S. A. acquired retail company MAPCO Express, Inc. from Delek US Holdings, Inc. for 535M USD

Acquisition Highlights
  • This is Compañía de Petróleos de Chile Copec S. A.’s 1st transaction in the Retail sector.
  • This is Compañía de Petróleos de Chile Copec S. A.’s 1st largest (disclosed) transaction.
  • This is Compañía de Petróleos de Chile Copec S. A.’s 1st transaction in the United States.
  • This is Compañía de Petróleos de Chile Copec S. A.’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2016-08-29
Target MAPCO Express, Inc.
Sector Retail
Buyer(s) Compañía de Petróleos de Chile Copec S. A.
Sellers(s) Delek US Holdings, Inc.
Deal Type Divestiture
Deal Value 535M USD

Target

MAPCO Express, Inc.

Brentwood, Tennessee, United States
website
MAPCO Express, Inc. is a major convenience store chain with 348 corporate stores operating primarily in Tennessee, Alabama and Georgia, with an additional presence in Arkansas, Virginia, Kentucky and Mississippi. MAPCO operates company stores under the banners MAPCO Express, MAPCO Mart, East Coast, Fast Food and Fuel, Favorite Markets, Delta Express and Discount Food Mart. In addition, MAPCO provides fuel to 142 dealer locations as of July 31, 2016, and provides logistical fuel transportation to MAPCO and third parties with approximately 50 tractors and trailers.

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Buyer(S) 1

Buyer

Compañía de Petróleos de Chile Copec S. A.

Santiago, Chile

website


Category Company
Founded 2003
SectorRetail
DESCRIPTION

COPEC is one of the largest companies in Chile, operating in fuel and lubricants distribution and convenience stores. COPEC has an existing presence in the convenience stores with the largest convenience store network in Chile and approximately 53% of Chilean gasoline market share with 626 company and dealer operated service stations, 82 Pronto-branded convenience stores and 220 Punto-branded convenience stores, an industry innovator with Pagoclick (mobile pay), Zervo (self-serve fueling dispenser) and leading convenience store developer with multiple formats for urban, suburban and highway locations.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Delek US Holdings, Inc.

Brentwood, Tennessee, United States

website


Category Company
Founded 2001
SectorEnergy Services and Equipment
Employees3,532
Revenue 7.3B USD (2020)
DESCRIPTION

Delek US is a diversified downstream energy company with assets in petroleum refining, logistics and convenience store retailing. The refining segment consists of refineries operated in Tyler, Texas and El Dorado, Arkansas with a combined nameplate production capacity of 155,000 barrels per day. Delek US was founded in 2001 and is based in Brentwood, Tennessee.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-16 Lion Oil Co.

El Dorado, Arkansas, United States

Lion Oil Co. is a privately held company, owns and operates a 75,000 barrel per day, high conversion crude oil refinery in El Dorado, AR, three crude oil pipelines and two refined petroleum products terminals in Memphis and Nashville, TN. The two terminals supply products to some of Delek's 188 convenience stores in the Memphis and Nashville, TN markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Alon USA Energy, Inc.

Dallas,, Texas, United States

USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the western and south-central regions of the United States.

Buy $464M