M&A Deal Summary |
|
|---|---|
| Date | 2013-12-30 |
| Target | Phillips Specialty Products |
| Sector | Energy Services and Equipment |
| Buyer(s) | Berkshire Hathaway |
| Sellers(s) | Phillips 66 |
| Deal Type | Divestiture |
| Deal Value | 1.4B USD |
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| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Diversified |
| Employees | 396,500 |
| Revenue | 439.3B USD (2023) |
Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Berkshire Hathaway was founded in 1998 and is based in Omaha, Nebraska.
| DEAL STATS | # |
|---|---|
| Overall | 58 of 69 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 6 of 9 |
| Country (United States) | 56 of 64 |
| Year (2013) | 3 of 3 |
| Size (of disclosed) | 19 of 37 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-05-01 |
IMC International Metalworking Companies B.V.
Goudse Poort, Netherlands IMC International Metalworking Companies provide a comprehensive range of tools for the full scope of metalworking applications. The group is dedicated to a philosophy of continuous improvement and innovation in all facets of its operations, including manufacturing, product development, distribution, sales, and administrative functions. |
Buy | $2.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-07-01 |
WPLG-TV10
Pembroke Park, Florida, United States WPLG-TV10 operates a television channel in Florida. |
Buy | $328M |
| Category | Company |
|---|---|
| Founded | 1875 |
| Sector | Energy Services and Equipment |
| Employees | 14,000 |
| Revenue | 147.4B USD (2023) |
Phillips 66 is an energy and logistics company. Its midstream segment gathers, processes, transports and markets natural gas; and transports, stores, fractionates and markets natural gas liquids (NGL) in the United States. In addition, this segment transports crude oil and other feedstocks to refineries and other locations, delivers refined and specialty products to market, and provides terminaling and storage services for crude oil and petroleum products. Its chemicals segments consists of our 50 percent equity investment in Chevron Phillips Chemical Company LLC (CPChem), which manufactures and markets petrochemicals and plastics on a worldwide basis. Its refining segment buys, sells and refines crude oil and other feedstocks at refineries in the United States and Europe. Its marketing and specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe. Phillips 66 was founded in 1875 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 4 |
| Sector (Energy Services and Equipment) | 1 of 2 |
| Type (Divestiture) | 1 of 2 |
| Country (United States) | 1 of 3 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-06-23 |
Spectrum
Selmer, Tennessee, United States Spectrum Corp. is an independent compunder, blender, packager, and marketer of specialty lubricants. Products include 2-cycle and small engine 4-cycle oils, bar and chain oil, and hydraulic fluid, which are commonly used in power lawn and garden equipment. |
Buy | - |
