M&A Deal Summary

Alon USA Energy Acquires Valero Energy - Krotz Springs

On July 7, 2008, Alon USA Energy acquired oil/gas exploration company Valero Energy - Krotz Springs from Valero Energy for 476M USD

Acquisition Highlights
  • This is Alon USA Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Alon USA Energy’s largest (disclosed) transaction.
  • This is Alon USA Energy’s 1st transaction in the United States.
  • This is Alon USA Energy’s 1st transaction in Texas.

M&A Deal Summary
Date 2008-07-07
Target Valero Energy - Krotz Springs
Sector Oil/Gas Exploration
Buyer(s) Alon USA Energy
Sellers(s) Valero Energy
Deal Type Divestiture
Deal Value 476M USD

Target

Valero Energy - Krotz Springs

Dallas,, Texas, United States
Valero Energy - Krotz Springs, a high conversion crude oil refinery in Krotz Springs.

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Buyer(S) 1

Buyer

Alon USA Energy

Dallas,, Texas, United States
Category Company
Founded 2000
Sector Oil/Gas Exploration
Employees2,745
Revenue 4.3B USD (2015)
DESCRIPTION

USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the western and south-central regions of the United States.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Valero Energy

San Antonio, Texas, United States
Category Company
Founded 1980
Sector Energy Services and Equipment
Employees9,886
Revenue 144.8B USD (2023)
DESCRIPTION
Entrance to Valero Energy's corporate headquarters in San Antonio, Texas.
Entrance to Valero Energy's corporate headquarters in San Antonio, Texas.

Valero Energy owns and operates petroleum refineries throughout the United States, Canada, and the United Kingdom. The Company's refineries produce conventional gasolines, premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuel, low-sulfur diesel fuel, ultra-low-sulfur diesel fuel, CARB diesel fuel, other distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products. Valero markets branded and unbranded refined products on a wholesale basis in the U.S., Canada, the Caribbean, the U.K., and Ireland through an extensive bulk and rack marketing network and through approximately 7,400 outlets that carry our brand names. The Company also owns ethanol plants in the central plains region of the U.S. that primarily produce ethanol. Valero Energy was founded in 1980 and is based in San Antonio, Texas.

DEAL STATS #
Overall 2 of 8
Sector (Oil/Gas Exploration) 2 of 7
Type (Divestiture) 2 of 8
State (Texas) 1 of 2
Country (United States) 2 of 8
Year (2008) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-02 Valero Energy - Lima Refinery

United States

Valero Energy Lima Refinery produces 165,000 barrel per day.

Sell $1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-27 Valero Energy - Terminaling Businesses

United States

Valero Energy Corp. - Terminaling Businesses includes Valero Partners Houston LLC and Valero Partners Louisiana LLC. Valero Partners Houston, LLC operates a crude oil, intermediates, and refined petroleum products terminal located on the Houston ship channel that supports Valero's Houston refinery. The assets consist of storage tanks with 3.6 million barrels of storage capacity. Valero Partners Louisiana, LLC operates a crude oil, intermediates, and refined petroleum products terminal located on the Mississippi River in Norco, Louisiana, that supports Valero's St. Charles refinery. The assets consist of storage tanks with 10 million barrels of storage capacity.

Sell $671M
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