M&A Deal Summary

Holly Energy Acquires HollyFrontier - Pipeline and Tankage Assets

On October 10, 2011, Holly Energy acquired energy services and equipment company HollyFrontier - Pipeline and Tankage Assets from HF Sinclair for 340M USD

Acquisition Highlights
  • This is Holly Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Holly Energy’s 2nd largest (disclosed) transaction.
  • This is Holly Energy’s 1st transaction in the United States.
  • This is Holly Energy’s 1st transaction in Texas.

M&A Deal Summary
Date 2011-10-10
Target HollyFrontier - Pipeline and Tankage Assets
Sector Energy Services and Equipment
Buyer(s) Holly Energy
Sellers(s) HF Sinclair
Deal Type Divestiture
Deal Value 340M USD

Target

HollyFrontier - Pipeline and Tankage Assets

Dallas, Texas, United States
HollyFrontier - Pipeline and Tankage Assets comprises approximately 3.7 million barrels of hydrocarbon storage tanks; one refined products truck loading rack and one propane truck loading rack and related refined product pipeline connections;

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Buyer(S) 1

Buyer

Holly Energy

Dallas,, Texas, United States
Category Company
Founded 2004
Sector Energy Services and Equipment
Revenue 547M USD (2022)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 3
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 3
Year (2011) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 Rio Grande Pipeline

Dallas,, Texas, United States

Rio Grande Pipeline Company is a provider of interstate and intrastate liquid petroleum gases (LPG) pipeline transportation services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-28 UNEV Pipeline

Artesia,, New Mexico, United States

UNEV Pipeline is the owner of an approximate 400 mile, 12-inch refined products pipeline currently running from Woods Cross, Utah to Las Vegas, Nevada, related products terminals near Cedar City, Utah and Las Vegas, Nevada and other related assets.

Buy -

Seller(S) 1

SELLER

HF Sinclair

Dallas, Texas, United States
Category Company
Sector Oil/Gas Exploration
Employees5,218
Revenue 32.0B USD (2023)
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 is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-28 UNEV Pipeline

Artesia,, New Mexico, United States

UNEV Pipeline is the owner of an approximate 400 mile, 12-inch refined products pipeline currently running from Woods Cross, Utah to Las Vegas, Nevada, related products terminals near Cedar City, Utah and Las Vegas, Nevada and other related assets.

Sell -
Mergr

Product

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