Marathon Petroleum Mergers and Acquisitions Summary

Energy Services And Equipment Company

Marathon Petroleum has acquired 2 companies, including 2 in the last 5 years. It has also divested 2 assets.

Marathon Petroleum’s largest acquisition to date was in 2018, when it acquired Andeavor for $35.6B. It’s largest disclosed sale occurred in 2020, when it sold Speedway to Seven & i Holdings for $21.0B. Marathon Petroleum has acquired in 2 different US states. The Company’s most targeted sectors include energy services and equipment (100%).

Join Mergr and gain access to Marathon Petroleum’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity2
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

Marathon Petroleum Corp.

539 South Main Street,
Findlay, Ohio 45840
United States,
(419) 422-2121
www.marathonpetroleum.com

Marathon Petroleum Corporation is engage in refining, transporting, and marketing petroleum products primarily in the United States. Marathon Petroleum was established in 1887 and is based in Findlay, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.2/yr) # 1 - - 1 - - 2
vol $20.0B $35.6B $55.6B
Sell (0.4/yr) # - - - - - 2 2
vol $21.0B $21.0B
  4

Most Recent M&A

Company Date Value Type
Marathon Petroleum Corp. - Three Asphalt Terminals 2020-11-12 - Divestiture
Findlay, Ohio
Speedway LLC 2020-08-02 21.0B USD Divestiture
Enon, Ohio · www.speedway.com
Andeavor 2018-04-30 35.6B USD Merger
San Antonio, Texas · www.tsocorp.com
MarkWest Energy Partners L.P. 2015-12-01 20.0B USD Merger
Denver, Colorado · www.markwest.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Andeavor    - Western Refining, Inc. 2016-11-17 6
San Antonio, Texas · www.tsocorp.com El Paso, Texas · www.wnr.com
Andeavor    - Virent Energy Systems, Inc. 2016-09-06 5
San Antonio, Texas · www.tsocorp.com Madison, Wisconsin · www.virent.com
Andeavor    - Tesoro Corp - Alaska Storage and Terminalling Assets 2016-07-01 4
San Antonio, Texas · www.tsocorp.com , United States
Andeavor    - Dakota Prairie Refining LLC 2016-06-28 4
San Antonio, Texas · www.tsocorp.com Dickinson, North Dakota · www.dprefining.com
Andeavor    - Great Northern Midstream LLC 2015-12-08 3
San Antonio, Texas · www.tsocorp.com Houston, Texas · www.gnmllc.com
Andeavor    - Flint Hills Resources - Marketing & Logistics Assets 2015-11-23 2
San Antonio, Texas · www.tsocorp.com , Alaska
Andeavor    - Tesoro Alaska Pipeline Co., LLC 2014-09-30 3
San Antonio, Texas · www.tsocorp.com San Antonio,, Texas
Andeavor    - Tesoro Hawaii LLC 2013-06-17 2
San Antonio, Texas · www.tsocorp.com Kapolei, Hawaii
Andeavor    - Tesoro Refining & Marketing Co., LLC 2012-11-15 1
San Antonio, Texas · www.tsocorp.com San Antonio,, Texas
Andeavor    - Atlantic Richfield Company (ARCO) 2012-08-13 1
San Antonio, Texas · www.tsocorp.com La Palma, California · www.arco.com

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 2 (100%) 55.6B (100%) 1 (50%) -
Retail - - 1 (50%) 21.0B (100%)
Total 2 $55.6B 2 $21.0B

By Geo

State/Country Buy Value Sell Value
United States 2 55.6B 2 21.0B
  Ohio - - 2 21.0B
  Texas 1 35.6B - -
  Colorado 1 20.0B - -
Total 2 $55.6B 2 $21.0B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
2
Legal Deals
Jones Day
2
Wachtell, Lipton, Rosen & Katz LLP
1

Deal Values

buy # Total
> $1B 2 $55.6B
TOTAL $55.6B
Largest Andeavor
$35.6B (2018-04-30)
sell # Total
> $1B 1 $21.0B
TOTAL $21.0B
Largest Speedway LLC
$21.0B (2020-08-02)

M&A Connections

Deals %
Divested to
Strategic(s)
100%
2 100%

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