Tesoro Corp.

19100 Ridgewood Parkway,
San Antonio, Texas 78259
United States,
(210) 626-6000
www.tsocorp.com

Tesoro Corp. is a refiner and marketer of petroleum products. Tesoro operates six refineries in the western United States with a combined capacity of 850,000 barrels per day. Tesoro’s retail-marketing system includes over 2,250 retail stations under the Tesoro, Shell, ARCO, Exxon, Mobil and USA Gasoline brands. Tesoro was formed in 1968 and is based in San Antonio, Texas.

M&A Summary

Buy vs Sell

Year ≤ '12 '13 '14 '15 '16 '17 T
Buy (1.0/yr) # 1 - - 2 3 - 6
vol $2.5B $6.4B $8.9B
Sell (0.6/yr) # 2 1 1 - 1 - 5
vol $180M $325M $29M $444M $978M
  11

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Deal Values

Buy # TOTAL
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
TOTAL Sign-up to View
Largest Western Refining, Inc.
$6.4B (2016-11-17)
Sell # Total
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
Total Sign-up to View
Largest Tesoro Corp - Alaska Storage and Terminalling Assets
$444M (2016-07-01)

According to our data here at Mergr, Tesoro has acquired 6 companies, including 5 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 5 assets.

Tesoro’s largest acquisition to date was in 2016, when it acquired Western Refining for $6.4B. It’s largest disclosed sale occurred in 2016, when it sold Tesoro Corp - Alaska Storage and Terminalling Assets to Tesoro Logistics for $444M. Tesoro has acquired in 5 different US states. The Company’s most targeted sectors include energy services and equipment (50%) and oil/gas exploration (50%).

When analyzing the energy services and equipment sector as a whole, according to Mergr, in the last 3 years, there are 206 energy services and equipment companies that have made at least 1 acquisition, 18 have acquired at least 5 companies, and 1 has acquired more than 10 companies. The most prolific strategic energy services and equipment acquirer over the past 3 years is Schlumberger, with 7 acquisitions. The most prolific private equity acquirer in the energy services and equipment sector over the past 3 years is Pelican Energy Partners LP with 5 platform acquisitions.

Join Mergr and gain access to Tesoro’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector.


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