M&A Deal Summary

Energy Transfer Acquires Energy Transfer Partners

On November 21, 2016, Energy Transfer acquired energy services and equipment company Energy Transfer Partners

Acquisition Highlights
  • This is Energy Transfer’s 1st transaction in the Energy Services and Equipment sector.
  • This is Energy Transfer’s 6th transaction in the United States.
  • This is Energy Transfer’s 3rd transaction in Texas.

M&A Deal Summary
Date 2016-11-21
Target Energy Transfer Partners
Sector Energy Services and Equipment
Buyer(s) Energy Transfer
Deal Type Add-on Acquisition
Advisor(s) Barclays Investment Bank (Financial)
Latham & Watkins
Potter Anderson & Corroon LLP (Legal)

Target

Energy Transfer Partners

Dallas, Texas, United States
Energy Transfer Partners' corporate headquarters in Dallas, Texas.
Energy Transfer Partners' corporate headquarters in Dallas, Texas.
Energy Transfer Partners LP is an owns and operates approximately 71,000 miles of natural gas, natural gas liquids, refined products, and crude oil pipelines. Energy Transfer Partners was formed in 1995 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Energy Transfer

Dallas, Texas, United States
Category Company
Founded 1996
Sector Energy Services and Equipment
Employees13,786
Revenue 78.6B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 6 of 13
Sector (Energy Services and Equipment) 1 of 6
Type (Add-on Acquisition) 2 of 7
State (Texas) 3 of 7
Country (United States) 6 of 12
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-26 Regency GU GP

Dallas, Texas, United States

Regency GU GP is a provider of natural gas processing services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Sunoco Logistics Partners - Toledo Terminal

Newtown Square, Pennsylvania, United States

Sunoco Logistics Partners LP - Toledo Terminal is comprised of a 10-bay truck rack and over 110,000 barrels of chemicals, clean product and additive storage capacity.

Sell $10M
Mergr

Product

Company

Legal