Energy Transfer - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Energy Transfer M&A Summary

Energy Transfer has acquired 13 companies, including 7 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 1 asset.

Energy Transfer’s largest acquisition to date was in 2021, when it acquired Enable Midstream Partners for $7.2B. It’s largest disclosed sale occurred in 2017, when it sold Sunoco Logistics Partners - Toledo Terminal to PBF Logistics for $10M. Energy Transfer has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include energy services and equipment (47%) and oil/gas exploration (47%).

Energy Transfer Business Overview

Where is Energy Transfer headquartered?

Energy Transfer is headquartered in Dallas, Texas.

What is Energy Transfer’s revenue?

Energy Transfer disclosed revenue of 78,586M USD for 2023 and 89,876M USD for 2022.

How many employees does Energy Transfer have?

Energy Transfer has 13,786 employees.

What sector is Energy Transfer in?

Energy Transfer is an energy services and equipment company.

When was Energy Transfer founded?

Energy Transfer was founded in 1996.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity13
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 7
  • M&A Advisors 10

Energy Transfer

Energy Transfer LP

8111 Westchester Drive, Suite 600,
Dallas, Texas 75225
United States,
(214) 981-0700
www.energytransfer.com

Energy Transfer is a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of complementary crude oil, refined products, and natural gas liquids pipeline, terminalling and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil, refined products, and natural gas liquids. Energy Transfer was incorporated in 1996 and is based in Dallas, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 8 - 1 - 3 1 13
vol $5.1B $7.2B $10.0B $3.3B $25.6B
Sell (0.0/yr) # 1 - - - - - 1
vol $10M $10M
  14

Most Recent M&A

Company Date Value Type
WTG Midstream Holdings LLC 2024-05-28 3.3B USD Add-on Acquisition
Midland, Texas · www.wtgmidstream.com
Crestwood Equity Partners LP 2023-08-16 7.1B USD Add-on Acquisition
Houston, Texas · www.crestwoodlp.com
Lotus Midstream LLC 2023-03-27 1.5B USD Add-on Acquisition
Sugar Land, Texas · www.lotusmidstream.com
Lotus Midstream Operations LLC 2023-03-27 1.5B USD Add-on Acquisition
Sugar Land, Texas · www.lotusmidstream.com
Enable Midstream Partners LP 2021-02-17 7.2B USD Merger
Oklahoma City, Oklahoma · www.enablemidstream.com
SemGroup Corp. 2019-09-16 5.1B USD Add-on Acquisition
Tulsa, Oklahoma · www.semgroupcorp.com
Energy Transfer Canada 2019-01-01 - Joint Venture
Calgary, Alberta · www.energytransfer.com/canada-operations/
Sunoco Logistics Partners LP - Toledo Terminal 2017-04-17 10M USD Divestiture
Newtown Square, Pennsylvania
Energy Transfer Partners LP 2016-11-21 - Add-on Acquisition
Dallas, Texas
Regency GU GP 2010-05-26 - Add-on Acquisition
Dallas, Texas
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Energy Transfer Partners LP 2016-11-21 Energy Transfer Partners LP - Compression Business 2018-01-16 1
Dallas, Texas Dallas, Texas
Energy Transfer Partners LP    - Regency Energy Partners LP 2015-01-26 1
Dallas, Texas Dallas, Texas · www.regencyenergy.com

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 6 (46%) 16.9B (66%) 1 (100%) 10M (100%)
Oil/Gas Exploration 6 (46%) 8.7B (34%) - -
Utilities 1 (8%) - - -
Total 13 $25.6B 1 $10M

By Geo

State/Country Buy Value Sell Value
United States 12 25.6B 1 10M
  Texas 7 13.3B - -
  Oklahoma 2 12.3B - -
  Montana 1 - - -
  Michigan 1 - - -
  Illinois 1 - - -
  Pennsylvania - - 1 10M
Canada 1 - - -
  Alberta 1 - - -
Domestic 12 (92%) 25.6B (100%) 1 (100%) 10M (100%)
Cross-border 1 (8%) - - -
Total 13 $25.6B 1 $10M

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
2
BofA Securities
2
RBC Capital Markets
2
Legal Deals
Vinson & Elkins
2
Latham & Watkins
2
Sidley
2

Deal Values

buy # Total
> $1B 6 $25.6B
TOTAL $25.6B
Largest Enable Midstream Partners LP
$7.2B (2021-02-17)
sell # Total
< $100M 1 $10M
TOTAL $10M
Largest Sunoco Logistics Partners LP - Toledo Terminal
$10M (2017-04-17)

M&A Connections

Deals
Acquired from
Investor(s)
23%
3 (23%)
Strategic(s)
38%
5 (38%)
Divested to
Strategic(s)
100%
1 (100%)

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