M&A Deal Summary

Par Pacific Acquires Mid Pac Petroleum

On April 1, 2015, Par Pacific acquired oil/gas exploration company Mid Pac Petroleum from Grace Pacific for 107M USD

Acquisition Highlights
  • This is Par Pacific’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Par Pacific’s 4th largest (disclosed) transaction.
  • This is Par Pacific’s 2nd transaction in the United States.
  • This is Par Pacific’s 2nd transaction in Hawaii.

M&A Deal Summary
Date 2015-04-01
Target Mid Pac Petroleum
Sector Oil/Gas Exploration
Buyer(s) Par Pacific
Sellers(s) Grace Pacific
Deal Type Divestiture
Deal Value 107M USD

Target

Mid Pac Petroleum

Honolulu, Hawaii, United States
Mid Pac Petroleum LLC is a acquisition, distribution and marketing of petroleum products in the State of Hawaii.

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Buyer(S) 1

Buyer

Par Pacific

Houston, Texas, United States
Category Company
Founded 1984
Sector Energy Services and Equipment
Employees1,814
Revenue 8.2B USD (2023)
DESCRIPTION

Par Pacific is a provider of petroleum products. Par, through its subsidiaries, owns and operates a 94,000 bpd refinery with related logistics and retail network in Hawaii. Par also transports, markets and distributes crude oil from Western U.S. and Canada to Hawaii and other refining hubs in the Midwest, the Gulf Coast, and the East Coast. Par Pacific was founded in 1984 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 4
Sector (Oil/Gas Exploration) 1 of 3
Type (Divestiture) 2 of 4
State (Hawaii) 2 of 2
Country (United States) 2 of 4
Year (2015) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-17 Tesoro Hawaii

Kapolei, Hawaii, United States

Tesoro Hawaii LLC which operates the 94,000 barrel per day Kapolei refinery, retail stations and associated logistical assets.

Buy $325M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-27 U.S. Oil & Refining

Tacoma, Washington, United States

U.S. Oil & Refining Co. is a producer and supply of high-quality motor, aviation and marine fuels and asphalt in the Puget Sound market. With refining capacity in excess of 39,000 barrels per stream day and storage capacity exceeding 2.7 million barrels, the company is well positioned to help meet the region's growing energy needs. U.S. Oil & Refining was founded in 1952 and is based in Tacoma, Washington.

Buy $358M

Seller(S) 1

SELLER

Grace Pacific

Kapolei, Hawaii, United States
Category Company
Founded 1921
Sector Construction
Employees550
DESCRIPTION

Grace Pacific engages in the construction and maintenance of roads and highways. Grace Pacific has constructed and maintained the roads and highways that have become an integral part of Hawaii's transportation infrastructure. Grace Pacific also offers a wide range of construction-related materials and services including prestressed and precast concrete products, metal framing systems for construction, custom specialty signage, and traffic and roadway safety products. Grace Pacific was founded in 1921 and is based in Kapolei, Hawaii.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Hawaii) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Mid Pac Petroleum

Honolulu, Hawaii, United States

Mid Pac Petroleum LLC is a acquisition, distribution and marketing of petroleum products in the State of Hawaii.

Buy -
Mergr

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