M&A Deal Summary

HF Sinclair Acquires Industrial Oils Unlimited

On December 8, 2025, HF Sinclair acquired oil/gas exploration company Industrial Oils Unlimited for 38M USD

Acquisition Highlights
  • This is HF Sinclair’s 4th transaction in the Oil/Gas Exploration sector.
  • This is HF Sinclair’s 5th largest (disclosed) transaction.
  • This is HF Sinclair’s 5th transaction in the United States.
  • This is HF Sinclair’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2025-12-08
Target Industrial Oils Unlimited
Sector Oil/Gas Exploration
Buyer(s) HF Sinclair
Deal Type Add-on Acquisition
Deal Value 38M USD

Target

Industrial Oils Unlimited

Tulsa, Oklahoma, United States
Industrial Oils Unlimited manufactures and supplies high-performance industrial lubricants and speciality fluids for sectors such as manufacturing, metalworking, heavy equipment, energy, food processing and automotive/industrial operations. Industrial Oils Unlimited was founded in 1970 and is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

HF Sinclair

Dallas, Texas, United States

Category Company
Founded 1947
Sector Oil/Gas Exploration
Employees5,297
Revenue 28.6B USD (2024)
DESCRIPTION

HF Sinclair is an independent energy company that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and other specialty products. HF Sinclair was incorporated in 1947 and is based in Dallas, Texas.


DEAL STATS #
Overall 6 of 6
Sector: Oil/Gas Exploration M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: Oklahoma M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2025 M&A 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Holly Energy

Dallas,, Texas, United States

Holly Energy is a provider of petroleum product and crude oil transportation, tankage and terminal services to the petroleum industry. Holly Energy was founded in 2004 and is based in Dallas, Texas.

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