M&A Deal Summary

Edgewater Midstream Acquires Shell USA - Sinco Pipeline system and the Colex East and Colex West Terminals

On December 3, 2024, Edgewater Midstream acquired energy services and equipment company Shell USA - Sinco Pipeline system and the Colex East and Colex West Terminals from Shell USA

Acquisition Highlights
  • This is Edgewater Midstream’s 1st transaction in the Energy Services and Equipment sector.
  • This is Edgewater Midstream’s 1st transaction in the United States.
  • This is Edgewater Midstream’s 1st transaction in Texas.

M&A Deal Summary

Date 2024-12-03
Target Shell USA - Sinco Pipeline system and the Colex East and Colex West Terminals
Sector Energy Services and Equipment
Buyer(s) Edgewater Midstream
Sellers(s) Shell USA
Deal Type Divestiture

Target

Shell USA - Sinco Pipeline system and the Colex East and Colex West Terminals

Houston, Texas, United States
Shell USA's Sinco Pipeline system and the Colex East and Colex West Terminals includes a series of intrastate refined products pipelines connecting the Deer Park Refinery Complex to the Colex East and Colex West Terminals, along with various other refined products and crude oil terminals along the Houston Ship Channel.

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Buyer(S) 1

Buyer

Edgewater Midstream

Houston, Texas, United States

Category Company
Founded 2019
Sector Energy Services and Equipment
DESCRIPTION

Edgewater Midstream provides independent midstream solutions to refiners, producers and marketers of crude oil, refined products and other bulk liquids. Edgewater Midstream was founded in 2019 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Shell USA

United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Shell USA provides a portfolio of energy options – from oil, gas and petrochemicals, to wind, solar and hydrogen.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-25 Shell Midstream

Houston, Texas, United States

Shell Midstream owns, operates, develops, and acquirer of pipelines and other midstream assets. Shell Midstream Partners’ assets consist of pipelines, crude tank storage and terminal systems that serve as key infrastructure to transport and store onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from Gulf Coast markets to major demand centers. Shell Midstream was founded in 2014 and is based in Houston, Texas.

Buy -