M&A Deal Summary

Delek Logistics Acquires 3Bear Delaware Holding – NM

On April 11, 2022, Delek Logistics acquired oil/gas exploration company 3Bear Delaware Holding – NM from 3 Bear Energy for 625M USD

Acquisition Highlights
  • This is Delek Logistics’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Delek Logistics’ largest (disclosed) transaction.
  • This is Delek Logistics’ 1st transaction in the United States.
  • This is Delek Logistics’ 1st transaction in New Mexico.

M&A Deal Summary
Date 2022-04-11
Target 3Bear Delaware Holding – NM
Sector Oil/Gas Exploration
Buyer(s) Delek Logistics
Sellers(s) 3 Bear Energy
Deal Type Divestiture
Deal Value 625M USD

Target

3Bear Delaware Holding – NM

New Mexico, United States
3Bear Delaware Holding – NM LLC offers a full suite of solutions for producers’ oil, gas, and water production including gathering, processing and treating.

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Buyer(S) 1

Buyer

Delek Logistics

Brentwood, Tennessee, United States
Category Company
Founded 2012
Sector Transportation
Revenue 1.0B USD (2023)
DESCRIPTION

Delek Logistics is a growth-oriented publicly traded master limited partnership (MLP) formed by Delek US Holdings, Inc. (NYSE:DK) ("Delek") to own, operate, acquire, and construct crude oil and refined products logistics and marketing assets. The company gather, transport and store crude oil and market, distribute, transport, and store refined products in select regions of the southeastern United States and west Texas for Delek and third parties, primarily in support of Delek’s refineries in Tyler, Texas and El Dorado, Arkansas. Delek Logistics was founded in 2012 and is based in Brentwood, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (New Mexico) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

3 Bear Energy

Denver, Colorado, United States
Category Company
Founded 2013
Sector Oil/Gas Exploration
DESCRIPTION

3 Bear Energy is a full-service Permian midstream company offering a full suite of solutions for producers’ oil, gas, and water production including gathering, processing, and treating. 3 Bear Energy was formed in 2013 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (New Mexico) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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