M&A Deal Summary

Aegean Marine Petroleum Network Acquires H.E.C. Europe

On February 20, 2018, Aegean Marine Petroleum Network acquired environmental company H.E.C. Europe for 367M USD

Acquisition Highlights
  • This is Aegean Marine Petroleum Network’s 1st transaction in the Environmental sector.
  • This is Aegean Marine Petroleum Network’s largest (disclosed) transaction.
  • This is Aegean Marine Petroleum Network’s 1st transaction in Greece.

M&A Deal Summary
Date 2018-02-20
Target H.E.C. Europe
Sector Environmental
Buyer(s) Aegean Marine Petroleum Network
Deal Type Add-on Acquisition
Deal Value 367M USD
Advisor(s) Orrick (Legal)

Target

H.E.C. Europe

Athens, Greece
H.E.C. Europe is an environmental company active in the treatment of maritime and offshore waste, using both chemical and mechanical technologies, in order to support vessel and terminal operators, as well as various governmental and regulatory bodies and port authorities.

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Buyer(S) 1

Buyer

Aegean Marine Petroleum Network

Athens, Greece
Category Company
Founded 1995
Sector Oil/Gas Exploration
Employees977
Revenue 4.2B USD (2015)
DESCRIPTION

Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines.

DEAL STATS #
Overall 2 of 2
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Greece) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-11 Hess U.S. East Coast Bunkering Business

United States

Hess U.S. East Coast Bunkering Business engages in supply of fuels to the ports of New York, Philadelphia, Baltimore, Norfolk and Charleston. The business includes 250,000 cubic meters of leased tank storage.

Buy $30M
Mergr

Product

Company

Legal