Sprague - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Sprague M&A Summary

Sprague has acquired 6 companies.

Sprague’s largest acquisition to date was in 2014, when it acquired Kildair Service for $175M. Sprague has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include energy services and equipment (50%) and oil/gas exploration (34%).

Sprague Business Overview

Where is Sprague headquartered?

Sprague is headquartered in Portsmouth, New Hampshire.

What is Sprague’s revenue?

Sprague disclosed revenue of 2,336M USD for 2020 and 3,502M USD for 2019.

How many employees does Sprague have?

Sprague has 765 employees.

What sector is Sprague in?

Sprague is an energy services and equipment company.

When was Sprague founded?

Sprague was founded in 1870.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity6
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 5
  • M&A Advisors 1

Sprague

Sprague Resources LP

185 International Drive,
Portsmouth, New Hampshire 03801
United States,
(800) 225-1560
www.spragueenergy.com

Sprague is a master limited partnership engaged in the purchase, storage, distribution, and sale of refined petroleum products and natural gas. Sprague also provides storage and handling services for a broad range of materials. Sprague was founded in 1870 and is based in Portsmouth, New Hampshire.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $291M $291M
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
Capital Properties - Petroleum Storage Facility 2017-01-25 23M USD Divestiture
Rhode Island, United States
L. E. Belcher, Inc. - Terminal and Storage Assets 2017-01-24 20M USD Divestiture
Springfield, United States
Global Partners LP - Natural Gas and Electricity Business 2017-01-03 17M USD Divestiture
Waltham, Massachusetts
Kildair Service Ltd. 2014-12-15 175M USD Divestiture
St-Paul de Joliette, Quebec · www.kildair.com
RAD Energy Corp. 2001-01-01 - Add-on Acquisition
Oceanside, New York
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 3 (60%) 60M (26%) - -
Oil/Gas Exploration 2 (40%) 175M (74%) - -
Total 5 $235M - -

By Geo

State/Country Buy Value Sell Value
United States 5 116M - -
  New York 2 56M - -
  Massachusetts 1 17M - -
Canada 1 175M - -
  Quebec 1 175M - -
Domestic 5 (83%) 116M (40%) - -
Cross-border 1 (17%) 175M (60%) - -
Total 6 $291M - -

Top M&A Advisors

Financial Deals
Robert W. Baird & Co., Inc.
1

Deal Values

buy # Total
$100M to $1B 1 $175M
< $100M 4 $116M
TOTAL $291M
Largest Kildair Service Ltd.
$175M (2014-12-15)

M&A Connections

Deals
Acquired from
Strategic(s)
83%
5 (83%)

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