M&A Deal Summary

ONEOK Acquires ONEOK Partners

On February 1, 2017, ONEOK, Inc. acquired energy services and equipment company ONEOK Partners L.P. for 17.2B USD

Acquisition Highlights
  • This is ONEOK’s 1st transaction in the Energy Services and Equipment sector.
  • This is ONEOK’s 1st largest (disclosed) transaction.
  • This is ONEOK’s 1st transaction in the United States.
  • This is ONEOK’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2017-02-01
Target ONEOK Partners L.P.
Sector Energy Services and Equipment
Buyer(s) ONEOK, Inc.
Deal Type Merger
Deal Value 17.2B USD

Target

ONEOK Partners L.P.

Tulsa, Oklahoma, United States
website
ONEOK Partners, L.P. is a publicly traded limited partnerships in the gathering, processing, storage and transportation of natural gas in the U.S. and owns one of the nation's premier natural gas liquids (NGL) systems, connecting much of the natural gas and NGL supply in the Mid-Continent with key market centers.

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Buyer(S) 1

Buyer

ONEOK, Inc.

Tulsa, Oklahoma, United States

website


Category Company
Founded 1906
SectorEnergy Services and Equipment
Employees288
Revenue 8.5B USD (2020)
DESCRIPTION
ONEOK's corporate headquarters in Tulsa, Oklahoma.
ONEOK's corporate headquarters in Tulsa, Oklahoma.

ONEOK gathers, processes, stores, and transports natural gas in the US. The Company also owns one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent and Rocky Mountain regions with a variety of market centers. ONEOK was formed in 1906 and is based in Tulsa, Oklahoma.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Merger) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1