M&A Deal Summary

SemGroup Acquires Rose Rock Midstream

On May 31, 2016, SemGroup acquired energy services and equipment company Rose Rock Midstream

Acquisition Highlights
  • This is SemGroup’s 2nd transaction in the Energy Services and Equipment sector.
  • This is SemGroup’s 3rd transaction in the United States.
  • This is SemGroup’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2016-05-31
Target Rose Rock Midstream
Sector Energy Services and Equipment
Buyer(s) SemGroup
Deal Type Add-on Acquisition
Advisor(s) Evercore Group (Financial)
Akin Gump Strauss Hauer & Feld
Morris, Nichols, Arsht & Tunnell (Legal)

Target

Rose Rock Midstream

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

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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 4 of 5
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (Oklahoma) 1 of 1
Country (United States) 3 of 4
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-24 Durvernay Pipelines Compression and Dehydration Facilites

Alberta, Canada

Durvernay Pipelines, Compression and Dehydration Facilites are currently capable of handling 40 mmcfd of gas and associated liquids, with ability to expand up to 80 mmcfd.

Buy CA$38M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 Houston Fuel Oil Terminal

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.

Buy -
Mergr

Product

Company

Legal