M&A Deal Summary

Exolum Acquires Inter Pipeline - European Storage Business

On September 22, 2020, Exolum acquired oil/gas exploration company Inter Pipeline - European Storage Business from Inter Pipeline for 715M USD

Acquisition Highlights
  • This is Exolum’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Exolum’s largest (disclosed) transaction.
  • This is Exolum’s 1st transaction in Canada.
  • This is Exolum’s 1st transaction in Alberta.

M&A Deal Summary
Date 2020-09-22
Target Inter Pipeline - European Storage Business
Sector Oil/Gas Exploration
Buyer(s) Exolum
Sellers(s) Inter Pipeline
Deal Type Divestiture
Deal Value 715M USD

Target

Inter Pipeline - European Storage Business

Calgary, Alberta, Canada
Inter Pipeline Ltd. - European Storage Business includes all Inter Pipeline's bulk liquid storage and handling assets in the United Kingdom, Ireland, Netherlands, and Germany totaling 15 storage terminals and approximately 18 million barrels of storage capacity.

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Buyer(S) 1

Buyer

Exolum

Madrid, Spain
Category Company
Founded 1927
Sector Transportation
DESCRIPTION

Exolum is a provider of transportation and storage for refined oil products. The company handles a variety of refined fuels which are utilized by the land, aviation and marine transport sectors. Exolum was formed in 1927 and is based in Madrid, Spain.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Inter Pipeline

Calgary, Alberta, Canada
Category Company
Founded 1997
Sector Oil/Gas Exploration
Revenue 2.4B CAD (2020)
DESCRIPTION

Inter Pipeline is a major petroleum transportation, storage and natural gas liquids extraction business based in Calgary, Alberta, Canada. Inter Pipeline is a publicly traded corporation that owns and operates a diversified combination of energy infrastructure assets in western Canada and northern Europe. Inter Pipeline was founded in 1997 and is based in Calgary, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-25 Simon Storage

Redhill, United Kingdom

Simon Storage is one of Europe's largest independent bulk liquid and gas infrastructure and service companies.

Buy £120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-28 Plains All American Pipeline - Milk River Pipeline System

Houston, Texas, United States

Plains All American Pipeline LP's Milk River Pipeline System is a provider of pipeline system for energy industry.

Buy $35M
Mergr

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