Add-on Acquisition • Distribution

NGL Acquires Pacer Propane Redmond

On January 3, 2012, NGL acquired distribution company Pacer Propane Redmond for 31M USD

Acquisition Context
  • This is NGL’s 1st transaction in the Distribution sector.
  • This is NGL’s 6th largest (disclosed) transaction.
  • This is NGL’s 2nd transaction in the United States.
  • This is NGL’s 1st transaction in Washington.

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M&A Deal Summary

Date January 3, 2012
Target Pacer Propane Redmond
Sector Distribution
Buyer(s) NGL
Deal Type Add-on Acquisition
Deal Value 31M USD

Target Company

Pacer Propane Redmond

Redmond, Washington, United States
Pacer Propane Redmond has been providing propane delivery and service. Its main objective is to provide exceptional customer service, while maintaining consistently competitive pricing.
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Buyer Overview 1

Buyer

NGL

Tulsa, Oklahoma, United States

Category Company
Founded 1940
Sector Energy Services and Equipment
Employees607
Revenue 7.0B USD (2024)
DESCRIPTION

NGL operates a vertically integrated energy business with three operating segments: midstream, wholesale supply and marketing, and retail propane. NGL was founded in 1940 and is based in Tulsa, Oklahoma.


Deal Context for Buyer #
Overall 2 of 10
Sector: Distribution 1 of 1
Type: Add-on Acquisition 2 of 5
State: Washington 1 of 1
Country: United States 2 of 10
Year: 2012 1 of 2
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-14 Hicksgas

Roberts, Illinois, United States

Hicksgas LLC is a provider of propane for residential, agricultural, or business purposes in Illinois and Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-19 High Sierra Energy

Denver, Colorado, United States

High Sierra Energy, LP is a midstream energy company founded in 2004. We are based in Denver, Colorado and operate businesses in the energy industry. The Company's primary operations included crude oil, liquids and refined products gathering, transportation, storage and marketing, and the disposal and processing of water associated with the production of oil and natural gas. In June 2012, High Sierra merged with NGL Energy Partners (NYSE: NGL).

Buy $693M