M&A Deal Summary

ArcLight Capital Partners Acquires Gulf Oil

On December 29, 2015, infrastructure investor ArcLight Capital Partners acquired oil/gas exploration company Gulf Oil from Cumberland Farms

Acquisition Highlights
  • This is ArcLight Capital Partners’ 22nd transaction in the Oil/Gas Exploration sector.
  • This is ArcLight Capital Partners’ 71st transaction in the United States.
  • This is ArcLight Capital Partners’ 8th transaction in Massachusetts.

M&A Deal Summary
Date 2015-12-29
Target Gulf Oil
Sector Oil/Gas Exploration
Buyer(s) ArcLight Capital Partners
Sellers(s) Cumberland Farms
Deal Type Divestiture

Target

Gulf Oil

Wellesley Hills, Massachusetts, United States
Gulf Oil is a diverse and growing refined products terminaling, storage, and logistics business and a leading distributor of motor fuels in the United States. Gulf Oil was established in 1901 and is based in Wellesley Hills, Massachusetts.

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Buyer(S) 1

Buyer

ArcLight Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2001
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ArcLight Capital Partners is private equity firm that invests in energy assets and businesses. Specific areas of interest include power generation; oil, natural gas, coal extraction and production; midstream gathering, processing, storage and transportation of oil, natural gas, coal; energy transportation; and energy distribution companies. ArcLight's geographic coverage includes opportunities across North America, Western Europe, and Australia/New Zealand. ArcLight was formed in 2001 and has offices in Boston and Luxembourg.

DEAL STATS #
Overall 84 of 93
Sector (Oil/Gas Exploration) 22 of 24
Type (Divestiture) 2 of 6
State (Massachusetts) 8 of 9
Country (United States) 71 of 80
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-21 Michigan Power

Ludington, Michigan, United States

Michigan Power LP LLC is a fully contracted 125 MW natural gas-fired generation plant. Michigan Power was founded in 1992 and is based in Ludington, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Pyramid

Middletown, Pennsylvania, United States

Pyramid facilities store and distribute gasoline, diesel fuel, heating oil, and kerosene which are shipped on common carrier pipelines into our large aboveground petroleum storage tank facilities.

Sell -

Seller(S) 1

SELLER

Cumberland Farms

Framingham, Massachusetts, United States
Category Company
Founded 1938
Sector Retail
DESCRIPTION

Cumberland Farms, Inc. is an operator of food, coffee and daily products convenience stores.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Mergr

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