M&A Deal Summary

Martin Midstream Partners Acquires Atlas Pipeline NGL Holdings

On May 5, 2014, Martin Midstream Partners acquired oil/gas exploration company Atlas Pipeline NGL Holdings from Atlas Pipeline Partners for 135M USD

Acquisition Highlights
  • This is Martin Midstream Partners’ 5th transaction in the Oil/Gas Exploration sector.
  • This is Martin Midstream Partners’ 2nd largest (disclosed) transaction.
  • This is Martin Midstream Partners’ 6th transaction in the United States.
  • This is Martin Midstream Partners’ 1st transaction in Oklahoma.

M&A Deal Summary
Date 2014-05-05
Target Atlas Pipeline NGL Holdings
Sector Oil/Gas Exploration
Buyer(s) Martin Midstream Partners
Sellers(s) Atlas Pipeline Partners
Deal Type Divestiture
Deal Value 135M USD

Target

Atlas Pipeline NGL Holdings

Tulsa,, Oklahoma, United States
Atlas Pipeline NGL Holdings, owns a common carrier natural gas liquids ("NGLs") transportation pipeline system.

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Buyer(S) 1

Buyer

Martin Midstream Partners

Kilgore, Texas, United States
Category Company
Founded 2002
Sector Energy Services and Equipment
Revenue 797M USD (2023)
DESCRIPTION

Martin Midstream Partners is engages in terminalling, storage and packaging services for petroleum products and by-products including refining, blending and packaging of finished lubricants,Natural gas liquids distribution services and natural gas storage. Martin Midstream Partners was founded in 2002 and is based in Kilgore, Texas.

DEAL STATS #
Overall 6 of 9
Sector (Oil/Gas Exploration) 5 of 6
Type (Divestiture) 3 of 4
State (Oklahoma) 1 of 1
Country (United States) 6 of 9
Year (2014) 1 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-23 NL Grease

Kansas, Missouri, United States

NL Grease, LLC, a grease manufacturer that specializes in private-label packaging of commercial and industrial greases.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-11 Cardinal Gas Storage Partners

Houston, Texas, United States

Cardinal Gas Storage Partners LLC focuses on the operation and management of natural gas storage facilities in the Gulf Coast region. Cardinal Gas believes that the natural gas storage business plays a fundamental role in supporting the nation's growing natural gas supply and demand. Cardinal's storage facilities are positioned in strategic locations for customers which will continue to enhance the value of Cardinal's assets and increase demand for our gas storage capacity. Cardinal currently operates both salt cavern and depleted reservoir gas storage facilities. Arcadia Gas Storage, LLC, Cadeville Gas Storage LLC, Monroe Gas Storage Company, LLC and Perryville Gas Storage LLC

Buy $120M

Seller(S) 1

SELLER

Atlas Pipeline Partners

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1999
Sector Energy Services and Equipment
Revenue 2.1B USD (2013)
DESCRIPTION

Atlas Pipeline Partners LP is engaged in gathering and processing segments of the midstream natural gas industry. In Oklahoma, southern Kansas, northern and western Texas, and Tennessee, APL owns and operates 13 active gas processing plants, 18 gas treating facilities, as well as approximately 10,600 miles of active intrastate gas gathering pipeline.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-22 TEAK Midstream

Dallas, Texas, United States

TEAK Midstream, L.L.C., a Dallas-based midstream natural gas company, provides gathering, transmission, treating, processing, compression and marketing services in key gas producing areas of the United States.

Buy $1.0B
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