Andeavor - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Andeavor M&A Summary

Andeavor has acquired 6 companies. 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%).

Andeavor Business Overview

Where is Andeavor headquartered?

Andeavor is headquartered in San Antonio, Texas.

What is Andeavor’s revenue?

Andeavor disclosed revenue of 34,204M USD for 2017 and 24,005M USD for 2016.

How many employees does Andeavor have?

Andeavor has 6,000 employees.

What sector is Andeavor in?

Andeavor is an energy services and equipment company.

When was Andeavor founded?

Andeavor was founded in 1968.

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 4

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 ≤ '19 '20 '21 '22 '23 '24 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%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

34,204   43% 2017
24,005   17% 2016
28,711   30% 2015
40,633   9% 2014
37,601   27% 2013
29,809   2012
(millions of USD) Show More Show Less

Employees

6,000

Established

1968

Subsidiary of

Marathon Petroleum

Former Name

Tesoro Corp.

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