Joint Venture • Chemicals

Lotus Infrastructure Partners and MB Energy Acquire Gulf Coast Ammonia

On January 8, 2020, private equity firm Lotus Infrastructure Partners and MB Energy acquired chemicals company Gulf Coast Ammonia

Acquisition Context
  • This is Lotus Infrastructure Partners’ 1st and MB Energy’s 1st transaction in the Chemicals sector.
  • This is Lotus Infrastructure Partners’ 14th and MB Energy’s 1st transaction in the United States.
  • This is Lotus Infrastructure Partners’ 5th and MB Energy’s 1st transaction in Texas.

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M&A Deal Summary

Date January 8, 2020
Target Gulf Coast Ammonia
Sector Chemicals
Buyer(s) Lotus Infrastructure Partners
MB Energy
Deal Type Joint Venture

Target Company

Gulf Coast Ammonia

Texas City, Texas, United States
Gulf Coast Ammonia is an agricultural and specialty chemical manufacturing company developing an anhydrous ammonia production facility in the Texas City industrial complex on the Texas Gulf Coast, designed to produce around 1.3 million metric tonnes of ammonia annually for global markets. Gulf Coast Ammonia is based in Texas City, Texas.
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Buyers Overview 2

Buyer

Lotus Infrastructure Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 7.6B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lotus Infrastructure Partners is a private equity firm that targets investments in energy infrastructure assets. Lotus Infrastructure Partners looks to invest in hard assets with strong contracted cash-flow. This includes opportunistic acquisitions as well as development-stage commitments. The Group's target investment size is $50 to $200 million. Lotus Infrastructure Partners was formed in 2005 and is based in Greenwich, Connecticut.


Deal Context for Buyer #
Overall 14 of 20
Sector: Chemicals 1 of 1
Type: Joint Venture 1 of 2
State: Texas 5 of 7
Country: United States 14 of 19
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-08 Lavaca Midstream

Lavaca County, Texas, United States

Lavaca Midstream provides 260 miles of natural gas gathering pipes and associated infrastructure and provides gathering and artificial gas lift services to local upstream clients focused on oil and gas production in the Eagle Ford. Lavaca Midstream is based in Lavaca County, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-07 Morgantown Energy Associates

Monongahela, Pennsylvania, United States

Morgantown Energy Associates is located on the banks of the Monongahela River, the system was constructed and began servicing WVU in 1992, historically burning coal as its primary fuel supply to distribute steam through a 2.25-mile underground distribution system.

Sell -
Buyer

MB Energy

Hamburg, Germany

Category Company
Founded 1947
Sector Energy Services and Equipment
DESCRIPTION

MB Energy is an independent energy company that develops, trades, and supplies conventional and low-carbon energy products, including fuels, heating oil, natural gas, and emerging energy solutions. The company operates infrastructure for storage, distribution, and mobility energy solutions, supporting the transition to more sustainable energy systems. MB Energy was founded in 1947 and is based in Hamburg, Germany.


Deal Context for Buyer #
Overall 1 of 1
Sector: Chemicals 1 of 1
Type: Joint Venture 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2020 1 of 1