M&A Deal Summary |
|
|---|---|
| Date | 2024-01-22 |
| Target | NuStar Energy |
| Sector | Energy Services and Equipment |
| Buyer(s) | Sunoco |
| Sellers(s) | EIG Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 7.3B USD |
| Advisor(s) | Barclays Investment Bank (Financial) Wachtell, Lipton, Rosen & Katz Sidley (Legal) |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 2012 |
| Sector | Distribution |
| Employees | 3,298 |
| Revenue | 22.7B USD (2024) |
Sunoco is a master limited partnership (MLP) that primarily distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors. Sunoco was founded in 2012 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 12 |
| Sector: Energy Services and Equipment M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 5 of 6 |
| State: Texas M&A | 6 of 6 |
| Country: United States M&A | 11 of 11 |
| Year: 2024 M&A | 1 of 1 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-11 |
Sunoco - 204 Stripes Stores
Texas, United States Sunoco's 204 Stripes Stores includes Stripes® convenience stores and Laredo Taco Company® restaurants. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-05-05 |
Parkland
Calgary, Alberta, Canada Parkland is an independent marketers of fuel and petroleum products. It deliver gasoline, diesel, propane, lubricants, heating oil and other high quality petroleum products to motorists, businesses, households and wholesale customers in Canada and the United States. Parkland was founded in 1977 and is based in Calgary, Alberta. |
Buy | $9.1B |
EIG Global Energy Partners specializes in private investments in energy and energy-related infrastructure around the world. Specific areas of interest include upstream oil and gas, midstream, power generation, renewables, and related infrastructure. EIG manages a variety of funds that provide hybrid debt and structured equity financing solutions to energy projects and companies. The Firm also offers credit/direct lending vehicles that target higher credit-quality project finance instruments. EIG Global Energy Partners is headquartered in Washington, District of Columbia.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 13 |
| Sector: Energy Services and Equipment M&A | 3 of 3 |
| Type: Add-on Acquisition M&A Deals | 5 of 7 |
| State: Texas M&A | 6 of 8 |
| Country: United States M&A | 8 of 11 |
| Year: 2024 M&A | 1 of 2 |
| Size (of disclosed) | 2 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-28 |
Ocyan
Rio de Janeiro, Brazil Ocyan is a solutions provider of maintenance solutions to the offshore oil and gas sector, including the operation of subsea construction and decommissioning projects. The company currently operates four offshore units through a 50/50 joint venture with Altera Infrastructure, holding long-term contracts with Libra Consortium, Karoon Energy, and 3R Petroleum. It is focused on the digitalization of the oil and gas industry and engineering, procurement, and construction (“EPC”) contracts for renewable energy projects. Ocyan is based in Rio de Janeiro, Brazil. |
Buy | $390M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-16 |
SilverBow
Houston, Texas, United States SilverBow is an oil and gas company that engages in developing, exploring, acquiring, and operating oil and gas properties with a focus on onshore and inland waters oil and natural gas reserves in Louisiana and Texas, as well as oil and natural gas reserves in New Zealand. SilverBow was founded in 1979 and is based in Houston, Texas. |
Sell | $2.1B |
