Holly Energy - M&A Summary, Ownership, and Business Overview

Energy Services And EquipmentCompany

Holly Energy M&A Summary

Holly Energy has acquired 3 companies of its own, including 1 in the last 5 years. It has also divested 1 asset.

Holly Energy’s largest acquisition to date was in 2021, when it acquired Sinclair Oil for $1.8B. Holly Energy has acquired in 3 different US states. The Company’s most targeted sectors include oil/gas exploration (67%) and energy services and equipment (34%).

Holly Energy Ownership

Who owns Holly Energy?

Holly Energy is owned by HF Sinclair. It was acquired on December 1, 2023.

Holly Energy Business Overview

Where is Holly Energy headquartered?

Holly Energy is headquartered in Dallas,, Texas.

What is Holly Energy’s revenue?

Holly Energy disclosed revenue of 547M USD for 2022 and 494M USD for 2021.

What sector is Holly Energy in?

Holly Energy is an energy services and equipment company.

When was Holly Energy founded?

Holly Energy was founded in 2004.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 3

Holly Energy

Holly Energy Partners LP

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

Holly Energy is a provider of petroleum product and crude oil transportation, tankage and terminal services to the petroleum industry. Holly Energy was founded in 2004 and is based in Dallas, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - 1 - - - 3
vol $340M $1.8B $2.1B
Sell (0.0/yr) # 1 - - - - - 1
  4

Most Recent M&A

Company Date Value Type
Sinclair Oil Corp. 2021-08-03 1.8B USD Add-on Acquisition
Salt Lake City, Utah · www.sinclairoil.com
UNEV Pipeline, LLC 2012-06-28 - Stake Purchase
Artesia,, New Mexico
HollyFrontier - Pipeline and Tankage Assets 2011-10-10 340M USD Divestiture
Dallas, Texas
Rio Grande Pipeline Co. 2009-12-01 - Divestiture
Dallas,, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 2 (67%) 1.8B (84%) 1 (100%) -
Energy Services and Equipment 1 (33%) 340M (16%) - -
Total 3 $2.1B 1 -

By Geo

State/Country Buy Value Sell Value
United States 3 2.1B 1 -
  Texas 1 340M 1 -
  Utah 1 1.8B - -
  New Mexico 1 - - -
Total 3 $2.1B 1 -

Top M&A Advisors

Financial Deals
BofA Securities
1
Legal Deals
Wachtell, Lipton, Rosen & Katz
1
Morris, Nichols, Arsht & Tunnell
1

Deal Values

buy # Total
> $1B 1 $1.8B
$100M to $1B 1 $340M
TOTAL $2.1B
Largest Sinclair Oil Corp.
$1.8B (2021-08-03)

M&A Connections

Deals
Acquired from
Strategic(s)
67%
2 (67%)
Divested to
Strategic(s)
100%
1 (100%)

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