M&A Deal Summary |
|
|---|---|
| Date | 2020-09-28 |
| Target | Plains All American Pipeline - Milk River Pipeline System |
| Sector | Energy Services and Equipment |
| Buyer(s) | Inter Pipeline |
| Sellers(s) | Plains All American |
| Deal Type | Divestiture |
| Deal Value | 35M USD |
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| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Oil/Gas Exploration |
| Revenue | 2.4B CAD (2020) |
Inter Pipeline is a major petroleum transportation, storage and natural gas liquids extraction business based in Calgary, Alberta, Canada. Inter Pipeline is a publicly traded corporation that owns and operates a diversified combination of energy infrastructure assets in western Canada and northern Europe. Inter Pipeline was founded in 1997 and is based in Calgary, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Energy Services and Equipment) | 2 of 2 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-09-22 |
Inter Pipeline - European Storage Business
Calgary, Alberta, Canada Inter Pipeline Ltd. - European Storage Business includes all Inter Pipeline's bulk liquid storage and handling assets in the United Kingdom, Ireland, Netherlands, and Germany totaling 15 storage terminals and approximately 18 million barrels of storage capacity. |
Sell | $715M |
| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Energy Services and Equipment |
| Employees | 4,200 |
| Revenue | 48.7B USD (2023) |
Plains All American is a provider of oil pipeline transportation, marketing, and storage business. The company engages in the transportation, storage, terminalling and marketing of crude oil, refined products, and liquefied petroleum gas and other natural gas-related petroleum products. Plains All American was founded in 1998 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Energy Services and Equipment) | 1 of 2 |
| Type (Divestiture) | 1 of 2 |
| State (Texas) | 1 of 2 |
| Country (United States) | 1 of 2 |
| Year (2020) | 1 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-21 |
CVR Energy - Cushing Terminal
Sugar Land, Texas, United States CVR Energy, Inc. - Cushing Terminal comprises 1.5-million-barrel Cushing, Oklahoma, a crude oil terminal and related assets. |
Buy | $36M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-15 |
Plains All American Pipeline - Three Interconnected West Coast Terminals
Houston, Texas, United States Plains All American Pipeline LP - Three Interconnected West Coast Terminals comprise terminals in Los Angeles County, commonly referred to as the Long Beach, Dominguez Hills, and Alamitos Terminals, in addition to approximately 50 miles of bi-directional pipeline providing interconnection between the terminals as well as direct connectivity to all major refineries in the region. |
Sell | - |
