M&A Deal Summary

JP Energy Partners Acquires Southern Propane

On May 11, 2015, JP Energy Partners acquired distribution company Southern Propane for 15M USD

Acquisition Highlights
  • This is JP Energy Partners’ 1st transaction in the Distribution sector.
  • This is JP Energy Partners’ largest (disclosed) transaction.
  • This is JP Energy Partners’ 2nd transaction in the United States.
  • This is JP Energy Partners’ 1st transaction in Texas.

M&A Deal Summary
Date 2015-05-11
Target Southern Propane
Sector Distribution
Buyer(s) JP Energy Partners
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

Southern Propane

La Porte, Texas, United States
website
Southern Propane, Inc. is a provider of industrial and commercial propane distribution and logistics company.

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Buyer(S) 1

Buyer

JP Energy Partners

Irving, Texas, United States

website

Category Company
Founded 2010
Sector Energy Services and Equipment
Revenue 680M USD (2015)
DESCRIPTION

JP Energy Partners LP is a limited partnership focused on the gathering, storage and movement of crude oil, refined products, and natural gas liquids from production in key basins to consumer end markets. JP Energy Partners was founded in 2010 and is based in Irving, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-14 Parnon Gathering

Tulsa, Oklahoma, United States

Parnon Gathering, Inc. is a crude oil midstream company that purchases, gathers, transports and markets crude oil for producers and refiners in the Mid-Continent area.

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