M&A Deal Summary

Prostar Capital Acquires NuStar Energy - St. Eustatius Terminal

On May 10, 2019, Prostar Capital Ltd. acquired energy services and equipment company NuStar Energy LP - St. Eustatius Terminal from NuStar Energy LP for 250M USD

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

M&A Deal Summary
Date 2019-05-10
Target NuStar Energy LP - St. Eustatius Terminal
Sector Energy Services and Equipment
Buyer(s) Prostar Capital Ltd.
Sellers(s) NuStar Energy LP
Deal Type Divestiture
Deal Value 250M USD

Target

NuStar Energy LP - St. Eustatius Terminal

San Antonio, Texas, United States
NuStar Energy LP - St. Eustatius Terminal consists of 60 commercial tanks and associated deep water jetties and pipelines, with a total storage capacity of 2.3 million cubic meters. It is conveniently located in the Caribbean region to serve key trading countries.

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Buyer(S) 1

Buyer

Prostar Capital Ltd.

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2012
SizeSmall
Type Sector Focused
DESCRIPTION

Prostar Capital is a private equity group focused on energy infrastructure investments. The Firm invests in real assets that are focused on midstream (gather and process), storage, and downstream (transportation and distribution) energy infrastructure. Prostar Capital was established in 2012 and is headquartered in Sydney, Australia.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 Kyung Nam Energy Co. Ltd.

Changwon, South Korea

Kyung Nam Energy Co. Ltd. is an independent, pure-play city gas distributor in South Korea. Company has an exclusive license to supply gas to nine cities/counties in the Gyeongsangnam-do province (“GSND”) in the southeast of the Korean peninsula. Kyungnam Energy supplies city gas to over 600,000 residential, 900 industrial, and 50,000 commercial customers in GSND through a pipeline network spanning 1,995km and including Changwon and Gimhae, the two largest cities in the province by population.

Buy -

Seller(S) 1

SELLER

NuStar Energy LP

San Antonio, Texas, United States

website

Category Company
Founded 1999
SectorEnergy Services and Equipment
Employees1,408
Revenue 1.5B USD (2020)
DESCRIPTION

NuStar Energy is one of the largest independent liquids terminal and pipeline operators in the nation that stores and distributes crude oil, refined products and specialty liquids. NuStar Energy was founded in 1999 and is based in San Antonio, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 Navigator Energy Services LLC

Dallas, Texas, United States

Navigator Energy Services, LLC is a growth-oriented, independent midstream company focused on developing and delivering comprehensive midstream infrastructure solutions in response to the growing demand from America’s energy producers.

Buy $1.5B
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