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M&A Deal Summary

Holly Acquires Frontier Oil

On July 1, 2011, Holly acquired oil/gas exploration company Frontier Oil for 2.9B USD

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

M&A Deal Summary
Date 2011-07-01
Target Frontier Oil
Sector Oil/Gas Exploration
Buyer(s) Holly
Deal Type Merger
Deal Value 2.9B USD
Advisor(s) Credit Suisse Investment Banking
Citi (Financial)
Andrews Kurth Kenyon LLP (Legal)

Target

Frontier Oil

Houston, Texas, United States
Frontier Oil Corp. is a 135,000 bpd refinery located in El Dorado, Kansas, and a 52,000 bpd refinery located in Cheyenne, Wyoming, and markets its refined products principally along the eastern slope of the Rocky Mountains and in other neighboring plains states.

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Buyer(S) 1

Buyer

Holly

Dallas, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Holly Corp. is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other high value specialty products.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1
Size (of disclosed) 1 of 1
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