M&A Deal Summary

SemGroup Acquires Houston Fuel Oil Terminal Co.

On June 6, 2017, SemGroup acquired oil/gas exploration company Houston Fuel Oil Terminal Co. from Astatine Investment Partners

Acquisition Highlights
  • This is SemGroup’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is SemGroup’s 4th transaction in the United States.
  • This is SemGroup’s 2nd transaction in Texas.

M&A Deal Summary

Date 2017-06-06
Target Houston Fuel Oil Terminal Co.
Sector Oil/Gas Exploration
Buyer(s) SemGroup
Sellers(s) Astatine Investment Partners
Deal Type Add-on Acquisition

Target

Houston Fuel Oil Terminal Co.

Houston, Texas, United States
Houston Fuel Oil Terminal Co. is an owns and operates of a 16.1 million barrel storage and terminal facility strategically located at the widest point of the Houston Ship Channel, one of the largest trading centers for residual fuel oil and crude oil in the world.

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Buyer(S) 1

Buyer

SemGroup

Tulsa, Oklahoma, United States

Category Company
Founded 2000
Sector Energy Services and Equipment
Employees880
Revenue 2.5B USD (2018)
DESCRIPTION

SemGroup Corp. moves energy across North America through a network of pipelines, processing plants, refinery-connected storage facilities and deep-water marine terminals with import and export capabilities. SemGroup serves as a versatile connection between upstream oil and gas producers and downstream refiners and end-users. Key areas of operation and growth include western Canada, the Mid-Continent and the Gulf Coast. SemGroup is committed to safe, environmentally sound operations. Headquartered in Tulsa, Okla., the company has additional offices in Calgary, Alberta; Denver, Colo.; and Houston, Texas. SemGroup uses its Investor Relations website and social media outlets as channels of distribution of material company information. SemGroup Corporation was founded in 2000 and is headquartered in Tulsa, Oklahoma.


DEAL STATS #
Overall 5 of 5
Sector: Oil/Gas Exploration M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
State: Texas M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-31 Rose Rock Midstream

Tulsa, Oklahoma, United States

Rose Rock Midstream LP is a provider of crude oil gathering, transportation, storage and marketing services.

Buy -

Seller(S) 1

SELLER

Astatine Investment Partners

Greenwich, Connecticut, United States

Category Infrastructure
Founded 2005
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Astatine Investment Partners is a private investment firm specializing in the acquisition of infrastructure assets in North America and Europe. Astatine Investment Partners looks for assets with predictable cash flows, strategic competitive advantages, and limited commodity or merchant risk. Specific sectors of interest include roads, bridges and tunnels; airports, ports and rail; water supply and wastewater treatment; gas transportation, storage and distribution; power generation and electric transmission; and utility services for residential, commercial and industrial customers. Astatine Investment Partners was formed in 2005 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 7 of 13
Sector: Oil/Gas Exploration M&A 2 of 4
Type: Add-on Acquisition M&A Deals 4 of 7
State: Texas M&A 1 of 3
Country: United States M&A 5 of 9
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-31 Reliance Home Comfort

Toronto, Ontario, Canada

Reliance Home Comfort is a provider of affordable, reliable home and business heating, cooling, hot water, water purification, electrical, plumbing & Smart Home products & services. Reliance Home Comfort is based in Toronto, Ontario.

Sell CA$2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 InterPark

Chicago, Illinois, United States

InterPark is an operator of parking infrastructure in the United States. They own 57 parking garages and several surface lots in 13 U.S. states and the District of Columbia that in the aggregate comprise more than 49,000 parking spaces. InterPark is based in Chicago, Illinois.

Sell -