M&A Deal Summary |
|
|---|---|
| Date | 2012-06-19 |
| Target | Martin Midstream East Texas & Northwest Louisiana natural Gas Assets |
| Sector | Oil/Gas Exploration |
| Buyer(s) | CenterPoint Energy |
| Sellers(s) | Martin Midstream Partners |
| Deal Type | Divestiture |
| Deal Value | 275M USD |
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| Category | Company |
|---|---|
| Founded | 1866 |
| Sector | Utilities |
| Employees | 8,827 |
| Revenue | 8.7B USD (2023) |
CenterPoint Energy is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, and energy services operations. CenterPoint Energy owns and operates natural gas distribution systems. CenterPoint also offers variable and fixed-price physical natural gas supplies primarily to commercial and industrial customers and gas utilities. CenterPoint Energy was founded in 1866 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 9 |
| Sector (Oil/Gas Exploration) | 2 of 2 |
| Type (Divestiture) | 2 of 6 |
| Country (United States) | 4 of 9 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-11-01 |
Asgard Energy
Denver, Colorado, United States Asgard, headquartered in Denver, Colo. is a natural gas marketing company that supplies natural gas to commercial, industrial, agricultural and residential customers in five states including Colorado, Kansas, Nebraska, Wyoming and West Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-01 |
Continuum Retail Energy Services
Tulsa, Oklahoma, United States Continuum Retail Energy Services LLC is a provider of retail energy services. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2002 |
| Sector | Energy Services and Equipment |
| Revenue | 797M USD (2023) |
Martin Midstream Partners is engages in terminalling, storage and packaging services for petroleum products and by-products including refining, blending and packaging of finished lubricants,Natural gas liquids distribution services and natural gas storage. Martin Midstream Partners was founded in 2002 and is based in Kilgore, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 2 of 4 |
| Country (United States) | 2 of 4 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-01-31 |
L&L Terminals & Terminalling Related Assets
United States L&L Terminals & Terminalling Related Assets, comprises 13 marine and one inland terminalling facility located across the Louisiana Gulf Coast. |
Buy | $37M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-10-02 |
Cross Oil Specialty Lubricant Product Packaging Assets
United States Cross Oil Specialty Lubricant Product Packaging Assets, comprises a 235,000 square foot production and warehouse facility, 2.8 million gallons of bulk storage and on-site, state-of-the-art blending and packaging equipment. |
Buy | $122M |
