M&A Deal Summary

Gulf Oil Acquires Pyramid

On January 1, 2016, Gulf Oil acquired oil/gas exploration company Pyramid from ArcLight Capital Partners

Acquisition Highlights
  • This is Gulf Oil’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Gulf Oil’s 1st transaction in the United States.
  • This is Gulf Oil’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2016-01-01
Target Pyramid
Sector Oil/Gas Exploration
Buyer(s) Gulf Oil
Sellers(s) ArcLight Capital Partners
Deal Type Merger

Target

Pyramid

Middletown, Pennsylvania, United States
Pyramid facilities store and distribute gasoline, diesel fuel, heating oil, and kerosene which are shipped on common carrier pipelines into our large aboveground petroleum storage tank facilities.

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Buyer(S) 1

Buyer

Gulf Oil

Wellesley Hills, Massachusetts, United States
Category Company
Founded 1901
Sector Oil/Gas Exploration
DESCRIPTION

Gulf Oil is a diverse and growing refined products terminaling, storage, and logistics business and a leading distributor of motor fuels in the United States. Gulf Oil was established in 1901 and is based in Wellesley Hills, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Merger) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Gulf Oil

Wellesley Hills, Massachusetts, United States

Gulf Oil LLC is a premier wholesale fuel distribution network with petroleum products and services.

Sell -

Seller(S) 1

SELLER

ArcLight Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2001
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ArcLight Capital Partners is private equity firm that invests in energy assets and businesses. Specific areas of interest include power generation; oil, natural gas, coal extraction and production; midstream gathering, processing, storage and transportation of oil, natural gas, coal; energy transportation; and energy distribution companies. ArcLight's geographic coverage includes opportunities across North America, Western Europe, and Australia/New Zealand. ArcLight was formed in 2001 and has offices in Boston and Luxembourg.

DEAL STATS #
Overall 21 of 28
Sector (Oil/Gas Exploration) 4 of 7
Type (Merger) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 20 of 26
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-29 Gulf Oil

Wellesley Hills, Massachusetts, United States

Gulf Oil is a diverse and growing refined products terminaling, storage, and logistics business and a leading distributor of motor fuels in the United States. Gulf Oil was established in 1901 and is based in Wellesley Hills, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 Limetree Bay Terminals

Virginia, United States

Limetree Bay Terminals LLC is a an operator of energy storage facilities.

Buy -
Mergr

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