Add-on Acquisition • Energy Services and Equipment

NGL Acquires TransMontaigne Partners

On July 2, 2014, NGL acquired energy services and equipment company TransMontaigne Partners

Acquisition Context
  • This is NGL’s 3rd transaction in the Energy Services and Equipment sector.
  • This is NGL’s 5th transaction in the United States.
  • This is NGL’s 2nd transaction in Colorado.
Investment Fate
  • TransMontaigne Partners was sold to a consortium of buyers in 2016 for 350M USD.

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M&A Deal Summary

Date July 2, 2014
Target TransMontaigne Partners
Sector Energy Services and Equipment
Buyer(s) NGL
Deal Type Add-on Acquisition

Target Company

TransMontaigne Partners

Denver, Colorado, United States
TransMontaigne Partners is a provider of terminaling, storage, transportation, and related services to the energy industry. TransMontaigne Partners owns and operates a diversified network of midstream terminals located in strategic markets. TransMontaigne Partners is based in Denver, Colorado.
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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 5 of 10
Sector: Energy Services and Equipment 3 of 4
Type: Add-on Acquisition 4 of 5
State: Colorado 2 of 4
Country: United States 5 of 10
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-06 Gavilon - Energy Business

Omaha, Nebraska, United States

Gavilon’s Energy Business operates integrated crude oil storage, terminal, and pipeline assets located in Oklahoma, Texas, and Louisiana, along with a complementary crude oil and refined products supply, marketing, and logistics business (SM&L).

Buy $890M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 Magnum NGLs

Holladay, Utah, United States

Magnum Development LLC is a developer of salt cavern storage facilities and related midstream infrastructure.

Buy $280M