NGL Energy Partners has acquired 8 companies, including 3 in the last 5 years. A total of 4 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 5 different US states. The Company’s most targeted sectors include energy services and equipment (29%) and utilities (29%).
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6120 South Yale Avenue, Suite 805,
Tulsa,
Oklahoma 74136
United States,
(918) 481-1119
www.nglenergypartners.com
NGL Energy Partners LP owns and operates a vertically integrated energy business with three operating segments: midstream, wholesale supply and marketing, and retail propane.
| Year | ≤ '14 | '15 | '16 | '17 | '18 | '19 | T | |
|---|---|---|---|---|---|---|---|---|
| Buy (0.4/yr) | # | 5 | 1 | - | - | - | 1 | 7 |
| vol | $4.3B | $280M | $4.6B | |||||
| Sell (0.8/yr) | # | - | - | 1 | - | 3 | - | 4 |
| vol | $350M | $1.2B | $1.6B | |||||
| 11 | ||||||||
| Financial | Deals |
|---|---|
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3 |
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1 |
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1 |
| Legal | Deals |
|---|---|
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3 |
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1 |
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1 |
| Buy | # | TOTAL |
|---|---|---|
| > $1B | Sign-up to View | |
| $100M to $1B | Sign-up to View | |
| < $100M | Sign-up to View | |
| TOTAL | Sign-up to View | |
| Largest |
Gavilon LLC $3.6B (2013-12-02) |
|
| Sell | # | Total |
|---|---|---|
| > $1B | Sign-up to View | |
| $100M to $1B | Sign-up to View | |
| < $100M | Sign-up to View | |
| Total | Sign-up to View | |
| Largest |
NGL Propane LLC $900M (2018-05-30) |
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When analyzing the energy services and equipment sector as a whole, according to Mergr, in the last 3 years, there are 196 energy services and equipment companies that have made at least 1 acquisition, 8 have acquired at least 5 companies, and 1 has acquired more than 10 companies.
The most prolific strategic energy services and equipment acquirer over the past 3 years is Shell Midstream Partners, with 5 acquisitions. The most prolific private equity acquirer in the energy services and equipment sector over the past 3 years is Tailwater Capital LLC with 9 platform acquisitions.
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