M&A Deal Summary

Flint Hills Resources Acquires PetroLogistics

On May 28, 2014, Flint Hills Resources acquired chemicals company PetroLogistics for 2.1B USD

Acquisition Highlights
  • This is Flint Hills Resources’ 1st transaction in the Chemicals sector.
  • This is Flint Hills Resources’ largest (disclosed) transaction.
  • This is Flint Hills Resources’ 1st transaction in the United States.
  • This is Flint Hills Resources’ 1st transaction in Texas.

M&A Deal Summary
Date 2014-05-28
Target PetroLogistics
Sector Chemicals
Buyer(s) Flint Hills Resources
Deal Type Add-on Acquisition
Deal Value 2.1B USD
Advisor(s) Morgan Stanley
Evercore Group (Financial)

Target

PetroLogistics

Houston, Texas, United States
PetroLogistics LP is a major producer of propylene. Propylene is a basic petrochemical building blocks that is used in the manufacture of a variety of end products, including paints, coatings, building materials, clothing, automotive parts, packaging and a range of other consumer and industrial products.

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Buyer(S) 1

Buyer

Flint Hills Resources

Wichita, Kansas, United States
Category Company
Founded 2002
Sector Oil/Gas Exploration
DESCRIPTION

Flint Hills Resources is an independent refining, chemicals, and biofuels and ingredients company.

DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2014) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-16 Flint Hills Resources Houston Chemical

Houston, Texas, United States

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