M&A Deal Summary

Holly Energy Acquires HollyFrontier - Pipeline and Tankage Assets

On October 10, 2011, Holly Energy acquired energy services and equipment company HollyFrontier - Pipeline and Tankage Assets from HF Sinclair for 340M USD

Acquisition Highlights
  • This is Holly Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Holly Energy’s 2nd largest (disclosed) transaction.
  • This is Holly Energy’s 1st transaction in the United States.
  • This is Holly Energy’s 1st transaction in Texas.

M&A Deal Summary
Date 2011-10-10
Target HollyFrontier - Pipeline and Tankage Assets
Sector Energy Services and Equipment
Buyer(s) Holly Energy
Sellers(s) HF Sinclair
Deal Type Divestiture
Deal Value 340M USD

Target

HollyFrontier - Pipeline and Tankage Assets

Dallas, Texas, United States
HollyFrontier - Pipeline and Tankage Assets comprises approximately 3.7 million barrels of hydrocarbon storage tanks; one refined products truck loading rack and one propane truck loading rack and related refined product pipeline connections;

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Buyer(S) 1

Buyer

Holly Energy

Dallas,, Texas, United States

website

Category Company
Founded 2004
Sector Energy Services and Equipment
Revenue 547M USD (2022)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 3
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 3
Year (2011) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 Rio Grande Pipeline

Dallas,, Texas, United States

Rio Grande Pipeline Company is a provider of interstate and intrastate liquid petroleum gases (LPG) pipeline transportation services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-28 UNEV Pipeline

Artesia,, New Mexico, United States

UNEV Pipeline is the owner of an approximate 400 mile, 12-inch refined products pipeline currently running from Woods Cross, Utah to Las Vegas, Nevada, related products terminals near Cedar City, Utah and Las Vegas, Nevada and other related assets.

Buy -

Seller(S) 1

SELLER

HF Sinclair

Dallas, Texas, United States

website

Category Company
Sector Oil/Gas Exploration
Employees5,223
Revenue 38.2B USD (2022)
DESCRIPTION

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 owns and operates refineries located in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah and markets its refined products in 19 states principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. HF Sinclair supplies high-quality fuels to more than 1,300 Sinclair branded stations and licenses the use of the Sinclair brand at more than 300 additional locations throughout the country.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-28 UNEV Pipeline

Artesia,, New Mexico, United States

UNEV Pipeline is the owner of an approximate 400 mile, 12-inch refined products pipeline currently running from Woods Cross, Utah to Las Vegas, Nevada, related products terminals near Cedar City, Utah and Las Vegas, Nevada and other related assets.

Sell -
Mergr

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