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  6. Hartree Partners Invests In Sprague

Investment Summary

Hartree Partners Invests In Sprague

On April 20, 2021, Hartree Partners invested in energy services and equipment company Sprague from Axel Johnson

Investment Highlights
  • This is Hartree Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Hartree Partners’ 1st transaction in the United States.
  • This is Hartree Partners’ 1st transaction in New Hampshire.

Investment Summary
Date 2021-04-20
Target Sprague
Sector Energy Services and Equipment
Investor(s) Hartree Partners
Sellers(s) Axel Johnson
Deal Type Stake Purchase

Target

Sprague

Portsmouth, New Hampshire, United States
Sprague is a master limited partnership engaged in the purchase, storage, distribution, and sale of refined petroleum products and natural gas. Sprague also provides storage and handling services for a broad range of materials. Sprague was founded in 1870 and is based in Portsmouth, New Hampshire.

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Investor(S) 1

Investor

Hartree Partners

New York, New York, United States
Category Company
Founded 1997
Sector Oil/Gas Exploration
DESCRIPTION

Hartree Partners is a privately held energy and commodities firm with a global reach. Hartree Partners focuses on identifying value in the production, refinement, transportation, and consumption of tradable commodities including electric power, natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, metals, carbon, and petrochemicals, among others. Hartree Partners was founded in 1997 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: New Hampshire M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Douglas Terminals

Gent, Belgium

Douglas Terminals is a 557,000-cubic metre liquid bulk storage terminal. The facility consists of 17 high-quality tanks currently used for the storage of jet fuel, gasoil, diesel and biodiesel. Douglas Terminals is based in Gent, Belgium.

Sell -

Seller(S) 1

SELLER

Axel Johnson

New York, New York, United States
Category Company
Founded 1873
Sector Diversified
DESCRIPTION

Axel Johnson owns and operates a diverse portfolio of industry major companies. Company acquire businesses to build them and to create value over the long term. Axel Johnson Inc. compete across a spectrum of sectors, energy, water treatment, medical device manufacturing, and sustainable development.

DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: New Hampshire M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-16 HighRes Biosolutions

Woburn, Massachusetts, United States

HighRes Biosolutions, Inc. is a designer and manufacturer of robotic systems and laboratory devices that are used in pharmaceutical, biotech, and academic research laboratories.

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