M&A Deal Summary

Andeavor Acquires Western Refining

On November 17, 2016, Andeavor acquired energy services and equipment company Western Refining for 6.4B USD

Acquisition Highlights
  • This is Andeavor’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Andeavor’s largest (disclosed) transaction.
  • This is Andeavor’s 6th transaction in the United States.
  • This is Andeavor’s 2nd transaction in Texas.

M&A Deal Summary
Date 2016-11-17
Target Western Refining
Sector Energy Services and Equipment
Buyer(s) Andeavor
Deal Type Add-on Acquisition
Deal Value 6.4B USD

Target

Western Refining

El Paso, Texas, United States
Western Refining's corporate headquarters in El Paso, Texas.
Western Refining's corporate headquarters in El Paso, Texas.
Western Refining, Inc. is an independent refining and marketing company. Western's refining segment operates refineries in El Paso, and Gallup, New Mexico. The Wholesale segment includes a fleet of crude oil and finished product truck transports, and wholesale petroleum products operations in Arizona, California, Colorado, Georgia, Maryland, Nevada, New Mexico, Texas, and Virginia. The retail segment includes retail service stations and convenience stores in Arizona, Colorado, New Mexico, and Texas. Western Refining, Inc. was formed in 1993 and is headquartered in El Paso, Texas.

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Buyer(S) 1

Buyer

Andeavor

San Antonio, Texas, United States
Category Company
Founded 1968
Sector Energy Services and Equipment
Employees6,000
Revenue 34.2B USD (2017)
DESCRIPTION
Tesoro's corporate headquarters in San Antonio, Texas.
Tesoro's corporate headquarters in San Antonio, Texas.

Andeavor is a refiner and marketer of petroleum products. Andeavor operates six refineries in the western United States with a combined capacity of 850,000 barrels per day. Andeavor was founded in 1968 and is based in San Antonio, Texas.

DEAL STATS #
Overall 6 of 6
Sector (Energy Services and Equipment) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Texas) 2 of 2
Country (United States) 6 of 6
Year (2016) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Virent Energy Systems

Madison, Wisconsin, United States

Virent Energy Systems, Inc. is an innovative renewable fuels and chemicals company. Virent is creating the low carbon chemicals and fuels the world demands using a wide range of naturally-occurring, renewable resources. Its patented technology features catalytic chemistry to convert plant-based materials into a full range of products identical to those made from petroleum, including gasoline, diesel, jet fuel, and chemicals for plastics and fibers. The products are drop-in replacements that enable full utilization of existing logistics infrastructure without blending limitations.

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