M&A Deal Summary

BP Acquires Woolworths - 527 Fuel & Convenience Stores

On December 28, 2016, BP acquired retailer Woolworths - 527 Fuel & Convenience Stores from Woolworths for 1.3B USD

Acquisition Highlights
  • This is BP’s 1st transaction in the Retail sector.
  • This is BP’s 4th largest (disclosed) transaction.
  • This is BP’s 1st transaction in Australia.

M&A Deal Summary
Date 2016-12-28
Target Woolworths - 527 Fuel & Convenience Stores
Sector Retail
Buyer(s) BP
Sellers(s) Woolworths
Deal Type Divestiture
Deal Value 1.3B USD

Target

Woolworths - 527 Fuel & Convenience Stores

Australia
Woolworths - 527 Fuel & Convenience Stores offers network of high-quality food products and loyalty program is an exciting future prospect for customers. Initially, the partners will launch a Metro at BP pilot program across 16 BP fuel and convenience sites and phase two of the program will expand the Metro at BP format across more than 200 sites.

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Buyer(S) 1

Buyer

BP

London, United Kingdom
Category Company
Founded 1908
Sector Oil/Gas Exploration
Employees87,800
Revenue 210.1B USD (2023)
DESCRIPTION
BP fuel station in Duluth, Minnesota.
BP fuel station in Duluth, Minnesota.

BP is an integrated oil and gas company with operations in Europe, the US, Canada, Russia, South America, Australasia, Asia and parts of Africa. BP provides customers with fuel for transportation, energy for heat and light, lubricants, and petrochemicals products used to make items as diverse as paints, clothes and packaging. BP was founded in 1908 and is based in London, England.

DEAL STATS #
Overall 4 of 9
Sector (Retail) 1 of 2
Type (Divestiture) 1 of 2
Country (Australia) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-28 Cleopatra Gas Gathering Company

United States

Cleopatra Gas Gathering Company LLC is a 115-mile gas gathering pipeline in Southern Green Canyon, with access to Atwater Valley, Walker Ridge, and Lund areas in the Gulf of Mexico. Cleopatra is currently connected to the Holstein, Atlantis, Neptune, Shenzi and Mad Dog platforms. The system will transport new volumes from the Mad Dog 2 field once it comes online.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Clean Energy Fuels - Biomethane Business

Newport Beach, California, United States

Clean Energy Fuels Corp. - Biomethane Business is provider of downstream renewable natural gas products and services in US.

Buy $155M

Seller(S) 1

SELLER

Woolworths

Bella Vista, Australia
Category Company
Founded 1924
Sector Retail
Employees201,413
Revenue 67.9B AUD (2024)
DESCRIPTION

Woolworths is a provider of retail stores services. Woolworths was founded in 1924 and is based in Bella Vista, Australia.

DEAL STATS #
Overall 2 of 2
Sector (Retail) 2 of 2
Type (Divestiture) 2 of 2
Country (Australia) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-03 Summergate Fine Wines and Spirit

Zhongshan Road, China

Summergate Fine Wines and Spirit is a distributor representing a portfolio of around 80 global brands. It also includes a small fine wine retail business, Pudao, with two stores in Shanghai and Beijing, as well as a small online and direct retail operation. Summergate has 13 offices and 11 distribution centres and employs more than 400 people. It was established in Shanghai in 1999 by Ian Ford and Brendan O’Toole, who have agreed to remain with the business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-20 PFD Food Services Pty

Knoxfield, Australia

PFD Food Services Pty Ltd. delivers a superior range of dry goods, frozen and chilled products, fresh seafood and meat, confectionery, paper products, and cleaning solutions. PFD Food Services Pty Ltd. was founded in 1943 and is based in Knoxfield, Australia.

Buy -
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