M&A Deal Summary

One Rock Capital Partners Acquires Island Energy

On April 19, 2016, private equity firm One Rock Capital Partners acquired infrastructure company Island Energy from Chevron

Acquisition Highlights
  • This is One Rock Capital Partners’ 1st transaction in the Infrastructure sector.
  • This is One Rock Capital Partners’ 9th transaction in the United States.
  • This is One Rock Capital Partners’ 1st transaction in Hawaii.
Investment Fate
  • Island Energy was sold to a consortium of financial buyers in 2025.

M&A Deal Summary

Date 2016-04-19
Target Island Energy
Sector Infrastructure
Buyer(s) One Rock Capital Partners
Sellers(s) Chevron
Deal Type Divestiture

Target

Island Energy

Kapolei, Hawaii, United States
Island Energy is an integrated fuel logistics and infrastructure company, operating assets that support the State's energy supply chain. IES provides fuel storage, pipeline transport, and distribution services to major commercial customers, including airlines, utilities, retailers, and government customers. The Company operates a retail fuel station network, consisting of 50 Texaco service stations and convenience stores. Island Energy is based in Kapolei, Hawaii.

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Buyer(S) 1

Buyer

One Rock Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 2010
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Rock Capital Partners is a private equity group focused on opportunities where the Firm can leverage its operational, strategic, and financial resources. One Rock seeks investments in mature, North American companies and will also consider distressed situations. Sectors of interest include chemicals, packaging, forest products, consumer appliances/electronics, electrical equipment, niche manufacturing, business services, environmental services, waste management, equipment rental, healthcare products, medical products, and automotive dealerships. One Rock Capital Partners is based in New York City.


DEAL STATS #
Overall 9 of 27
Sector: Infrastructure M&A 1 of 2
Type: Divestiture M&A Deals 2 of 10
State: Hawaii M&A 1 of 2
Country: United States M&A 9 of 24
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Monarch Landscape Companies

Los Angeles, California, United States

Monarch Landscape Companies is a provider of commercial landscaping services. Monarch Landscape Companies was founded in 1969 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-07 Compass Chemical International

Smyrna, Georgia, United States

Compass Chemical International LLC is a manufacturer of chemicals utilized in water treatment and various other applications.

Sell -

Seller(S) 1

SELLER

Chevron

San Ramon, California, United States

Category Company
Founded 1879
Sector Oil/Gas Exploration
Employees45,298
Revenue 193.4B USD (2024)
DESCRIPTION
Chevron office in downtown Houston, Texas.
Chevron office in downtown Houston, Texas.

Chevron is a fully integrated energy company. Its business includes petroleum operations, chemicals, mining operations, power generation and energy services. Chevron's exploration and production operations consists of exploration, development and production of crude oil and natural gas. Chevron was incorporated in 1879 and is based in San Ramon, California.


DEAL STATS #
Overall 9 of 14
Sector: Infrastructure M&A 1 of 1
Type: Divestiture M&A Deals 8 of 13
State: Hawaii M&A 1 of 1
Country: United States M&A 7 of 12
Year: 2016 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-04 Kosmos Energy - Mauritania Oil and Gas Exploration

Bermuda

Mauritania is a significant extension of the core Cretaceous theme along the West Africa Transform Margin that Kosmos confirmed in the Tano Basin offshore Ghana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-03 Chevron - White Oils & Food Machinery Lubricants Business

San Ramon, California, United States

Chevron - White Oils & Food Machinery Lubricants Business is a producer of lubricants.

Sell -