M&A Deal Summary

Energy Arbitrage Partners Acquires Phibro

On January 26, 2016, search fund Energy Arbitrage Partners acquired business services company Phibro from Occidental Petroleum

Acquisition Highlights
  • This is Energy Arbitrage Partners’ 1st transaction in the Business Services sector.
  • This is Energy Arbitrage Partners’ 1st transaction in the United States.
  • This is Energy Arbitrage Partners’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2016-01-26
Target Phibro
Sector Business Services
Buyer(s) Energy Arbitrage Partners
Sellers(s) Occidental Petroleum
Deal Type Divestiture

Target

Phibro

Westport, Connecticut, United States
Phibro LLC is an international commodity trading firm focused on asset acquisition, project development, and trading. Its principals have deep expertise across commodities including oil and oil products, natural gas, natural gas liquids (NGL), electricity, renewable fuels, fertilizer, and coal. Phibro was founded in 1901 and is based in Westport, Connecticut.

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Buyer(S) 1

Buyer

Energy Arbitrage Partners

Category Search Fund
Founded 2015
Size Small
Type Sector Focused
DESCRIPTION

Energy Arbitrage Partners is a partnership focused on commodity investments. Energy Arbitrage Partners engages in the development of businesses that include projects in natural gas liquids, fertilizer and petrochemicals, energy exploration and production, renewable fuels, and power generation. Energy Arbitrage Partners was formed in 2015 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Occidental Petroleum

Houston, Texas, United States
Category Company
Founded 1920
Sector Oil/Gas Exploration
Employees11,800
Revenue 28.3B USD (2023)
DESCRIPTION

Occidental Petroleum is an oil and gas exploration and production company. Occidental is an industry provider in applying advanced technology to boost production and access hard-to-recover reserves. Occidental Petroleum was founded in 1920 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 4
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 4
State (Connecticut) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-09 Phibro

Westport, Connecticut, United States

Phibro LLC is an international commodity trading firm focused on asset acquisition, project development, and trading. Its principals have deep expertise across commodities including oil and oil products, natural gas, natural gas liquids (NGL), electricity, renewable fuels, fertilizer, and coal. Phibro was founded in 1901 and is based in Westport, Connecticut.

Buy $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-08 Occidental Petroleum - Oxy Ingleside Energy Center

Ingleside, Texas, United States

Occidental Petroleum Corp. - Oxy Ingleside Energy Center is a storage and export terminalthat provides access to global markets for crudeoil and LPG producers and marketers. IEC has approximately 2.1 million barrels of oil storage capacity and three deep-water berths for crude oil.

Sell -
Mergr

Product

Company

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