M&A Deal Summary

PSC Group Acquires Delta Petroleum

On August 1, 2024, PSC Group acquired energy services and equipment company Delta Petroleum from Greif

Acquisition Highlights
  • This is PSC Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is PSC Group’s 6th transaction in the United States.
  • This is PSC Group’s 4th transaction in Louisiana.

M&A Deal Summary
Date 2024-08-01
Target Delta Petroleum
Sector Energy Services and Equipment
Buyer(s) PSC Group
Sellers(s) Greif
Deal Type Divestiture

Target

Delta Petroleum

Saint Rose, Louisiana, United States
Delta Petroleum blends lubricating oils, lubricant additives, viscosity modifiers, aircraft deicer fluids, and other glycol-based products, and drums, packages, stores, and manages logistics for major oil and specialty chemical companies. Delta Petroleum was founded in 1946 and is based in Saint Rose, Louisiana.

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Buyer(S) 1

Buyer

PSC Group

Baton Rouge, Louisiana, United States
Category Company
Founded 1952
Sector Transportation
DESCRIPTION

PSC Group is a provider of product handling and site logistics services for the petrochemical, refining, midstream, and marine transportation end market. PSC Group was founded in 1952 and is based in Baton Rouge, Louisiana.

DEAL STATS #
Overall 6 of 6
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 2 of 2
State (Louisiana) 4 of 4
Country (United States) 6 of 6
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Bayport Rail Terminal

United States

Bayport Rail Terminal is a 115-acre rail, truck, and container terminal that provides critical last-mile logistics infrastructure and services to the chemical industry on the Bayport Loop and the Port of Houston.

Buy -

Seller(S) 1

SELLER

Greif

Delaware, Ohio, United States
Category Company
Founded 1877
Sector Packaging
Employees14,000
Revenue 5.2B USD (2023)
DESCRIPTION
Entrance to Greif's corporate headquarters in Delaware, Ohio.
Entrance to Greif's corporate headquarters in Delaware, Ohio.

Greif is a global producer of industrial packaging products and services. Greif offers a comprehensive line of rigid industrial packaging products, such as steel, fibre and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and reconditioned containers, and services, such as container life cycle services, blending, filling and other packaging services, logistics and warehousing. Greif was founded in 1877 and is based in Delaware, Ohio.

DEAL STATS #
Overall 5 of 5
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 5 of 5
State (Louisiana) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-31 Ipackchem

Paris, France

Ipackchem is a manufacturer of barrier packaging. Its products are mainly used in the transport and storage of aromas, fragrances, and agrochemical products, for which permeability, contamination, and evaporation constraints are critical. Ipackchem Group is based in Paris, France.

Buy $538M
Mergr

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