Divestiture • Energy Services and Equipment

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 Context
  • 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.

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M&A Deal Summary

Date October 10, 2011
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 Company

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 Overview 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 Context for Buyer #
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 Co.

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 Profile 1

SELLER

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 Context for Seller #
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 -