M&A Deal Summary

Ferrellgas Acquires Bridger Logistics

On June 1, 2015, Ferrellgas acquired oil/gas exploration company Bridger Logistics from Riverstone Holdings for 838M USD

Acquisition Highlights
  • This is Ferrellgas’ 3rd transaction in the Oil/Gas Exploration sector.
  • This is Ferrellgas’ largest (disclosed) transaction.
  • This is Ferrellgas’ 19th transaction in the United States.
  • This is Ferrellgas’ 5th transaction in Texas.

M&A Deal Summary
Date 2015-06-01
Target Bridger Logistics
Sector Oil/Gas Exploration
Buyer(s) Ferrellgas
Sellers(s) Riverstone Holdings
Deal Type Add-on Acquisition
Deal Value 838M USD
Advisor(s) Evercore Group (Financial)
Latham & Watkins (Legal)

Target

Bridger Logistics

Addison, Texas, United States
Bridger Logistics LLC is a provider of integrated crude oil midstream services. It operates an integrated portfolio of crude-focused midstream assets that generate fee-based income by providing crude oil transportation and logistics services on behalf of oil and gas producers, marketers and end-users of crude oil.

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Buyer(S) 1

Buyer

Ferrellgas

Liberty, Missouri, United States
Category Company
Founded 1939
Sector Energy Services and Equipment
Revenue 2.0B USD (2023)
DESCRIPTION
Ferrellgas' corporate headquarters in Overland Park, Kansas.
Ferrellgas' corporate headquarters in Overland Park, Kansas.

Ferrellgas is a provider of midstream services to major energy companies in the United States. Ferrellgas was incorporated in 1939 and is based in Liberty, Missouri.

DEAL STATS #
Overall 19 of 25
Sector (Oil/Gas Exploration) 3 of 3
Type (Add-on Acquisition) 18 of 24
State (Texas) 5 of 5
Country (United States) 19 of 25
Year (2015) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Wise Choice Propane

Mount Vernon, Ohio, United States

Wise Choice Propane LLC is a independently owned propane retailer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-18 Gasco Energy Supply

Eldon, Montana, United States

Gasco Energy Supply LLC is an independent propane retailer based in Eldon, Missouri, that services residential, industrial/commercial, and agricultural accounts throughout the Ozark region.

Buy -

Seller(S) 1

SELLER

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.

DEAL STATS #
Overall 40 of 57
Sector (Oil/Gas Exploration) 12 of 20
Type (Add-on Acquisition) 20 of 30
State (Texas) 19 of 26
Country (United States) 31 of 42
Year (2015) 2 of 3
Size (of disclosed) 9 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-04 Enviva

Bethesda, Maryland, United States

Enviva focuses on the acquisition, development, and operation of facilities that collect, process, and transform wood-based biomass into renewable energy feedstock, primarily wood pellets. Enviva was founded in 2013 and is based in Bethesda, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-20 Bottle Rock Power

Cobb, California, United States

Bottle Rock Power LLC asset is a 55 megawatt geothermal power station. The facility sells 100% of its power to Pacific Gas & Electric under a long-term power purchase agreement. Bottle Rock Power was formed in 1999 and is based in Cobb, California.

Sell -
Mergr

Product

Company

Legal