M&A Deal Summary

Genesis Energy Acquires Enterprise Products Partners - Offshore Pipeline and Services Business

On July 24, 2015, Genesis Energy acquired oil/gas exploration company Enterprise Products Partners - Offshore Pipeline and Services Business from Enterprise Products Partners for 1.5B USD

Acquisition Highlights
  • This is Genesis Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Genesis Energy’s largest (disclosed) transaction.
  • This is Genesis Energy’s 1st transaction in the United States.

M&A Deal Summary
Date 2015-07-24
Target Enterprise Products Partners - Offshore Pipeline and Services Business
Sector Oil/Gas Exploration
Buyer(s) Genesis Energy
Sellers(s) Enterprise Products Partners
Deal Type Divestiture
Deal Value 1.5B USD

Target

Enterprise Products Partners - Offshore Pipeline and Services Business

United States
Enterprise Products Partners - Offshore Pipeline and Services Business consists of drilling and development regions in the United States, including deepwater production fields in the Gulf of Mexico offshore Texas, Louisiana, Mississippi and Alabama.

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Buyer(S) 1

Buyer

Genesis Energy

Houston, Texas, United States
Category Company
Founded 1996
Sector Energy Services and Equipment
Employees1,897
Revenue 1.8B USD (2020)
DESCRIPTION

Genesis Energy is a midstream energy master limited partnership that provides a diverse portfolio of customers, operations and assets, including refinery-related plants, pipelines, storage terminals, and trucking operations. Genesis Energy was founded in 1996 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 3
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 2
Country (United States) 1 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-15 Deepwater Gateway

Houston, Texas, United States

Deepwater Gateway, LLC is a provider of offshore energy services company that provides specialty services to the offshore energy industry

Buy -

Seller(S) 1

SELLER

Enterprise Products Partners

Houston, Texas, United States
Category Company
Founded 1968
Sector Oil/Gas Exploration
Revenue 49.7B USD (2023)
DESCRIPTION

Enterprise Products Partners a major North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Enterprise Products Partners was incorporated in 1968 and is based in Houston, Texas.

DEAL STATS #
Overall 4 of 5
Sector (Oil/Gas Exploration) 4 of 4
Type (Divestiture) 1 of 1
Country (United States) 4 of 5
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-08 EFS Midstream

Irving, Texas, United States

EFS Midstream provides natural gas gathering, treating, compression and condensate processing services in the Eagle Ford Shale. The EFS Midstream system includes approximately 460 miles of natural gas gathering pipelines, 10 central gathering plants, 780 million cubic feet per day of natural gas treating capacity and 119 thousand barrels per day of condensate stabilization capacity.

Buy $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-15 Azure Midstream Partners

Dallas, Texas, United States

Azure Midstream Partners LP is a fee-based, growth-oriented midstream energy company offering natural gas gathering & processing and crude oil logistics services in core producing areas in the United States.

Buy $189M
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