NGL Energy Partners Mergers and Acquisitions Summary

Energy Services And Equipment Company

NGL Energy Partners has acquired 10 companies, including 3 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 4 assets.

NGL Energy Partners’ largest acquisition to date was in 2013, when it acquired Gavilon for $3.6B. It’s largest disclosed sale occurred in 2018, when it sold NGL Propane to Superior Plus for $900M. NGL Energy Partners has acquired in 6 different US states. The Company’s most targeted sectors include utilities (34%) and energy services and equipment (23%).

Join Mergr and gain access to NGL Energy Partners’ 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 Activity13
    • M&A Buy Activity9
    • M&A Sell Activity4
  • Total Sectors Invested 6
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 11
  • M&A Advisors 8

NGL Energy Partners LP

6120 South Yale Avenue, Suite 805,
Tulsa, Oklahoma 74136
United States,
(918) 481-1119
www.nglenergypartners.com

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


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.6/yr) # 6 - - - 3 - 9
vol $4.6B $1.5B $6.1B
Sell (0.8/yr) # - 1 - 3 - - 4
vol $350M $1.2B $1.6B
  13

Most Recent M&A

Company Date Value Type
Hillstone Environmental Partners LLC 2019-09-26 600M USD Secondary Buyout
Denver, Colorado · www.hillstone-environmental.com
Mesquite Disposals Unlimited LLC 2019-05-14 893M USD Add-on Acquisition
, New Mexico
DCP Midstream LLC - Gas Supply Resources 2019-01-30 - Divestiture
Denver, Colorado
NGL Energy Partners LP - Water Infrastructure Assets 2018-12-20 239M USD Divestiture
, Delaware
NGL Energy Partners LP - Water Solutions Bakken 2018-11-12 91M USD Divestiture
Tulsa, Oklahoma
NGL Propane LLC 2018-05-30 900M USD Divestiture
Tulsa, Oklahoma · www.nglenergypartners.com
TransMontaigne, Inc. 2016-01-08 350M USD Secondary Buyout
Denver, Colorado · www.transmontaigne.com
Magnum NGLs LLC 2015-02-09 280M USD Secondary Buyout
Holladay, Utah
TransMontaigne, Inc. 2014-07-02 - Add-on Acquisition
Denver, Colorado · www.transmontaigne.com
Gavilon LLC 2013-12-02 3.6B USD Add-on Acquisition
Omaha, Nebraska · www.gavilon.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 3 (33%) 1.2B (19%) - -
Energy Services and Equipment 2 (22%) 693M (11%) 1 (25%) 350M (22%)
Distribution 1 (11%) 31M (1%) 1 (25%) 900M (57%)
Environmental 1 (11%) 600M (10%) 1 (25%) 91M (6%)
Business Services 1 (11%) 3.6B (59%) - -
Oil/Gas Exploration 1 (11%) - - -
Infrastructure - - 1 (25%) 239M (15%)
Total 9 $6.1B 4 $1.6B

By Geo

State/Country Buy Value Sell Value
United States 9 6.1B 4 1.6B
  Colorado 4 1.3B 1 350M
  Oklahoma - - 2 991M
  Washington 1 31M - -
  Utah 1 280M - -
  New Mexico 1 893M - -
  Nebraska 1 3.6B - -
  Illinois 1 - - -
  Delaware - - 1 239M
Total 9 $6.1B 4 $1.6B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
3
UBS Investment Bank
3
Raymond James - Investment Banking
1
Legal Deals
Winston & Strawn LLP
5
McGrath North Mullin & Kratz PC
1
Locke Lord LLP
1

Deal Values

buy # Total
> $1B 1 $3.6B
$100M to $1B 4 $2.5B
< $100M 1 $31M
TOTAL $6.1B
Largest Gavilon LLC
$3.6B (2013-12-02)
sell # Total
$100M to $1B 3 $1.5B
< $100M 1 $91M
TOTAL $1.6B
Largest NGL Propane LLC
$900M (2018-05-30)

M&A Connections

Deals %
Acquired from
PE Firm(s)
83%
5 83%
Strategic(s)
17%
1 17%
Divested to
PE Firm(s)
25%
1 25%
Strategic(s)
75%
3 75%

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