HF Sinclair - M&A Summary and Business Overview

Oil/gas ExplorationCompany

HF Sinclair M&A Summary

HF Sinclair has acquired 5 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

HF Sinclair’s largest acquisition to date was in 2021, when it acquired Sinclair Oil for $1.8B. It’s largest disclosed sale occurred in 2011, when it sold HollyFrontier - Pipeline and Tankage Assets to Holly Energy Partners for $340M. HF Sinclair has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include oil/gas exploration (60%) and chemicals (20%).

HF Sinclair Business Overview

Where is HF Sinclair headquartered?

HF Sinclair is headquartered in Dallas, Texas.

What is HF Sinclair’s revenue?

HF Sinclair disclosed revenue of 31,964M USD for 2023 and 38,205M USD for 2022.

How many employees does HF Sinclair have?

HF Sinclair has 5,218 employees.

What sector is HF Sinclair in?

HF Sinclair is an oil/gas exploration company.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity5
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3
  • M&A Advisors 4

HF Sinclair

HF Sinclair Corp.

2828 North Harwood, Suite 1300,
Dallas, Texas 75201
United States,
(214) 871-3555
www.hfsinclair.com

HF Sinclair is an independent energy company that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and other specialty products. HF Sinclair is based in Dallas, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 2 - 2 - 1 - 5
vol $1.5B $2.2B $3.7B
Sell (0.0/yr) # 2 - - - - - 2
vol $340M $340M
  7

Most Recent M&A

Company Date Value Type
Holly Energy Partners LP 2023-12-01 - Add-on Acquisition
Dallas,, Texas · www.hollyenergy.com
Sinclair Oil Corp. 2021-08-03 1.8B USD Add-on Acquisition
Salt Lake City, Utah · www.sinclairoil.com
Shell Puget Sound Refinery 2021-05-04 350M USD Divestiture
Anacortes, Washington
Sonneborn LLC 2018-11-13 655M USD Add-on Acquisition
Parsippany, New Jersey · www.sonneborn.com
Suncor Energy - Petro-Canada Lubricants Business 2016-10-31 855M CAD Divestiture
Mississauga, Ontario
UNEV Pipeline, LLC 2012-06-28 - Stake Sale
Artesia,, New Mexico
HollyFrontier - Pipeline and Tankage Assets 2011-10-10 340M USD Divestiture
Dallas, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 3 (60%) 3.0B (82%) 1 (50%) -
Energy Services and Equipment 1 (20%) - 1 (50%) 340M (100%)
Chemicals 1 (20%) 655M (18%) - -
Total 5 $3.7B 2 $340M

By Geo

State/Country Buy Value Sell Value
United States 4 2.8B 2 340M
  Texas 1 - 1 340M
  Washington 1 350M - -
  Utah 1 1.8B - -
  New Jersey 1 655M - -
  New Mexico - - 1 -
Canada 1 855M - -
  Ontario 1 855M - -
Domestic 4 (80%) 2.8B (77%) 2 (100%) 340M (100%)
Cross-border 1 (20%) 855M (23%) - -
Total 5 $3.7B 2 $340M

Top M&A Advisors

Financial Deals
Goldman Sachs
2
Legal Deals
Morgan Lewis
3
Wachtell, Lipton, Rosen & Katz
2
Borden Ladner Gervais
1

Deal Values

buy # Total
> $1B 1 $1.8B
$100M to $1B 3 $1.9B
TOTAL $3.7B
Largest Sinclair Oil Corp.
$1.8B (2021-08-03)
sell # Total
$100M to $1B 1 $340M
TOTAL $340M
Largest HollyFrontier - Pipeline and Tankage Assets
$340M (2011-10-10)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Strategic(s)
40%
2 (40%)
Divested to
Strategic(s)
100%
2 (100%)

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