M&A Deal Summary

NGL Acquires Gavilon - Energy Business

On November 6, 2013, NGL acquired energy services and equipment company Gavilon - Energy Business from Gavilon for 890M USD

Acquisition Highlights
  • This is NGL’s 2nd transaction in the Energy Services and Equipment sector.
  • This is NGL’s 2nd largest (disclosed) transaction.
  • This is NGL’s 4th transaction in the United States.
  • This is NGL’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2013-11-06
Target Gavilon - Energy Business
Sector Energy Services and Equipment
Buyer(s) NGL
Sellers(s) Gavilon
Deal Type Divestiture
Deal Value 890M USD

Target

Gavilon - Energy Business

Omaha, Nebraska, United States
Gavilon’s Energy Business operates integrated crude oil storage, terminal, and pipeline assets located in Oklahoma, Texas, and Louisiana, along with a complementary crude oil and refined products supply, marketing, and logistics business (SM&L).

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Buyer(S) 1

Buyer

NGL

Tulsa, Oklahoma, United States

website

Category Company
Founded 1940
Sector Energy Services and Equipment
Employees842
Revenue 7.9B USD (2022)
DESCRIPTION

NGL operates a vertically integrated energy business with three operating segments: midstream, wholesale supply and marketing, and retail propane. NGL was founded in 1940 and is based in Tulsa, Oklahoma.

DEAL STATS #
Overall 4 of 10
Sector (Energy Services and Equipment) 2 of 4
Type (Divestiture) 1 of 2
State (Nebraska) 1 of 1
Country (United States) 4 of 10
Year (2013) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-19 High Sierra Energy

Denver, Colorado, United States

High Sierra Energy, LP is a midstream energy company founded in 2004. We are based in Denver, Colorado and operate businesses in the energy industry. The Company's primary operations included crude oil, liquids and refined products gathering, transportation, storage and marketing, and the disposal and processing of water associated with the production of oil and natural gas. In June 2012, High Sierra merged with NGL Energy Partners (NYSE: NGL).

Buy $693M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 TransMontaigne Partners

Denver, Colorado, United States

TransMontaigne Partners is a provider of terminaling, storage, transportation, and related services to the energy industry. TransMontaigne Partners owns and operates a diversified network of midstream terminals located in strategic markets throughout the United States. TransMontaigne Partners is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

Gavilon

Omaha, Nebraska, United States

website

Category Company
Founded 2008
Sector Real Estate
DESCRIPTION

Gavilon originates, stores, and distributes grains, oilseeds, as well as feed and food ingredients, to food manufacturers, livestock producers, poultry processors, soybean processors, and ethanol producers worldwide. Gavilon was founded in 2008 and is headquartered in Omaha, Nebraska.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Nebraska) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-01 Galesburg Order Buyers

Galesburg, Illinois, United States

GrainStore, based in Galesburg, Illinois, is a leading merchandiser of agricultural commodities (principally corn and soybeans) handling a significant proportion of the total production of these crops in Western Illinois and serving a wide range of customers in the food processing, ethanol, and export markets.

Buy -
Mergr

Product

Company

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