M&A Deal Summary

Plains All American Acquires Frontier Midstream Solutions III

On January 1, 2017, Plains All American acquired oil/gas exploration company Frontier Midstream Solutions III from Energy Spectrum Capital

Acquisition Highlights
  • This is Plains All American’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Plains All American’s 5th transaction in the United States.
  • This is Plains All American’s 2nd transaction in Oklahoma.

M&A Deal Summary
Date 2017-01-01
Target Frontier Midstream Solutions III
Sector Oil/Gas Exploration
Buyer(s) Plains All American
Sellers(s) Energy Spectrum Capital
Deal Type Add-on Acquisition

Target

Frontier Midstream Solutions III

Tulsa, Oklahoma, United States
Frontier Midstream Solutions III LLC is a midstream development project in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

Plains All American

Houston, Texas, United States
Category Company
Founded 1998
Sector Energy Services and Equipment
Employees4,200
Revenue 48.7B USD (2023)
DESCRIPTION

Plains All American is a provider of oil pipeline transportation, marketing, and storage business. The company engages in the transportation, storage, terminalling and marketing of crude oil, refined products, and liquefied petroleum gas and other natural gas-related petroleum products. Plains All American was founded in 1998 and is based in Houston, Texas.

DEAL STATS #
Overall 5 of 7
Sector (Oil/Gas Exploration) 2 of 3
Type (Add-on Acquisition) 5 of 6
State (Oklahoma) 2 of 2
Country (United States) 5 of 7
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-27 Legion Terminals

McKenzie County, North Dakota, United States

Legion Terminals LLC owns a crude oil terminal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-13 Advantage Pipeline

Midland, Texas, United States

Advantage Pipeline LLC owns a 70-mile, 16-inch crude oil pipeline located in the southern Delaware Basin.

Buy $133M

Seller(S) 1

SELLER

Energy Spectrum Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Energy Spectrum Capital is a midstream private equity firm specializing in investment in buyouts and buys and build in middle-market companies. The Firm focused exclusively on the energy industry. ESC looks to make a direct investment in established companies includes oil & gas gathering and transportation systems, processing and treating facilities, storage facilities and other infrastructure facilities. ESC targets growing businesses and seeks to partner with experienced managements teams. The Firm looks to invest $50- $200 million per transaction. Energy Spectrum Capital was formed in 1995 and is based in Dallas, Texas.

DEAL STATS #
Overall 31 of 42
Sector (Oil/Gas Exploration) 5 of 11
Type (Add-on Acquisition) 14 of 21
State (Oklahoma) 9 of 12
Country (United States) 29 of 39
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Vesta Midstream Partners

Tulsa, Oklahoma, United States

Vesta Midstream Partners LLC is focused on acquiring, building and developing natural gas and crude oil gathering and processing assets primarily in Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 Great Salt Plains Midstream

Oklahoma City, Oklahoma, United States

Great Salt Plains Midstream is a provider of midstream services to producers in the prolific STACK play of central Oklahoma. Great Salt Plains Midstream is based in Oklahoma City.

Buy -
Mergr

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