M&A Deal Summary

Savage Acquires Texon

On May 1, 2024, Savage acquired oil/gas exploration company Texon

Acquisition Highlights
  • This is Savage’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Savage’s 1st transaction in the United States.
  • This is Savage’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-05-01
Target Texon
Sector Oil/Gas Exploration
Buyer(s) Savage
Deal Type Add-on Acquisition

Target

Texon

Houston, Texas, United States
Texon is a midstream service provider of butane blending and energy marketing. Texon was founded in 1989 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Savage

Midvale, Utah, United States
Category Company
Founded 1946
Sector Transportation
Employees4,000
DESCRIPTION

Savage provides transportation, logistics, materials handling, and other industrial services. The company owns and/or operates facilities across the U.S., Canada, Mexico, and Saudi Arabia with assets strategically located to best serve Customers’ supply chain needs. Savage was founded in 1946 and is based in Midvale, Utah.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

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