SemGroup - M&A Summary, Ownership, and Business Overview

Energy Services And EquipmentCompany

SemGroup M&A Summary

SemGroup has acquired 5 companies of its own. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

SemGroup’s largest acquisition to date was in 2013, when it acquired Chesapeake Energy - Mississippi Lime Midstream Assets for $300M. It’s largest disclosed sale occurred in 2015, when it sold SemGroup - Crude Oil Assets to Rose Rock Midstream for $325M. SemGroup has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include oil/gas exploration (60%) and energy services and equipment (40%).

SemGroup Ownership

Who owns SemGroup?

SemGroup is owned by Energy Transfer. It was acquired on September 16, 2019.

Was SemGroup formerly PE-backed?

Yes. SemGroup was formerly owned by 2 private investors.

SemGroup Business Overview

Where is SemGroup headquartered?

SemGroup is headquartered in Tulsa, Oklahoma.

What is SemGroup’s revenue?

SemGroup disclosed revenue of 2,503M USD for 2018 and 2,082M USD for 2017.

How many employees does SemGroup have?

SemGroup has 880 employees.

What sector is SemGroup in?

SemGroup is an energy services and equipment company.

When was SemGroup founded?

SemGroup was founded in 2000.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 3
  • M&A Advisors 7

SemGroup Corp.

Two Warren Place, Suite 700,
Tulsa, Oklahoma 74136
United States,
(918) 524-8100
www.semgroupcorp.com

SemGroup Corp. moves energy across North America through a network of pipelines, processing plants, refinery-connected storage facilities and deep-water marine terminals with import and export capabilities. SemGroup serves as a versatile connection between upstream oil and gas producers and downstream refiners and end-users. Key areas of operation and growth include western Canada, the Mid-Continent and the Gulf Coast. SemGroup is committed to safe, environmentally sound operations. Headquartered in Tulsa, Okla., the company has additional offices in Calgary, Alberta; Denver, Colo.; and Houston, Texas. SemGroup uses its Investor Relations website and social media outlets as channels of distribution of material company information. SemGroup Corporation was founded in 2000 and is headquartered in Tulsa, Oklahoma.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 5 - - - - - 5
vol $329M $329M
Sell (0.0/yr) # 1 - - - - - 1
vol $325M $325M
  6

Most Recent M&A

Company Date Value Type
Houston Fuel Oil Terminal Co. 2017-06-06 - Add-on Acquisition
Houston, Texas · www.hfotco.com
Rose Rock Midstream LP 2016-05-31 - Add-on Acquisition
Tulsa, Oklahoma · www.rrmidstream.com
Durvernay Pipelines, Compression and Dehydration Facilites 2015-11-24 29M CAD Add-on Acquisition
, Alberta
SemGroup Corp. - Crude Oil Assets 2015-02-09 325M USD Divestiture
Tulsa, Oklahoma
Chesapeake Energy - Mississippi Lime Midstream Assets 2013-08-01 300M USD Divestiture
, Mississippi
Sherman Gathering System 2006-10-06 - Add-on Acquisition
Dallas, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 3 (60%) 300M (91%) - -
Energy Services and Equipment 2 (40%) 29M (9%) 1 (100%) 325M (100%)
Total 5 $329M 1 $325M

By Geo

State/Country Buy Value Sell Value
United States 4 300M 1 325M
  Texas 2 - - -
  Oklahoma 1 - 1 325M
  Mississippi 1 300M - -
Canada 1 29M - -
  Alberta 1 29M - -
Domestic 4 (80%) 300M (91%) 1 (100%) 325M (100%)
Cross-border 1 (20%) 29M (9%) - -
Total 5 $329M 1 $325M

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
2
Barclays Investment Bank
1
Credit Suisse Investment Banking
1
Legal Deals
Gibson, Dunn & Crutcher
2
Vinson & Elkins
1
Potter Anderson & Corroon LLP
1

Deal Values

buy # Total
$100M to $1B 1 $300M
< $100M 1 $29M
TOTAL $329M
Largest Chesapeake Energy - Mississippi Lime Midstream Assets
$300M (2013-08-01)
sell # Total
$100M to $1B 1 $325M
TOTAL $325M
Largest SemGroup Corp. - Crude Oil Assets
$325M (2015-02-09)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Strategic(s)
20%
1 (20%)
Divested to
Strategic(s)
100%
1 (100%)

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