M&A Deal Summary

Shell Midstream Acquires Pecten Midstream

On November 11, 2015, Shell Midstream acquired energy services and equipment company Pecten Midstream from Shell Pipeline Company for 390M USD

Acquisition Highlights
  • This is Shell Midstream’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Shell Midstream’s largest (disclosed) transaction.
  • This is Shell Midstream’s 1st transaction in Mexico.

M&A Deal Summary
Date 2015-11-11
Target Pecten Midstream
Sector Energy Services and Equipment
Buyer(s) Shell Midstream
Sellers(s) Shell Pipeline Company
Deal Type Divestiture
Deal Value 390M USD

Target

Pecten Midstream

Mexico
Pecten Midstream LLC is an owns an operator of Lockport Crude Terminal (Lockport) and Auger Pipeline System (Auger).

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Buyer(S) 1

Buyer

Shell Midstream

Houston, Texas, United States
Category Company
Founded 2014
Sector Energy Services and Equipment
Revenue 481M USD (2020)
DESCRIPTION

Shell Midstream owns, operates, develops, and acquirer of pipelines and other midstream assets. Shell Midstream Partners’ assets consist of pipelines, crude tank storage and terminal systems that serve as key infrastructure to transport and store onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from Gulf Coast markets to major demand centers. Shell Midstream was founded in 2014 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 10
Sector (Energy Services and Equipment) 2 of 7
Type (Divestiture) 1 of 2
Country (Mexico) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-11 Colonial Pipeline

Atlanta, Georgia, United States

Colonial Pipeline is a refined products pipeline in North America, running from supply centers in the Gulf Coast to customers located along the Eastern seaboard of the United States. Colonial Pipeline was founded in 1962 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-17 Zydeco Pipeline

United States

Zydeco Pipeline Co. LLC is an own and operator of energy services.

Buy -

Seller(S) 1

SELLER

Shell Pipeline Company

Houston,, Texas, United States
Category Company
Founded 1919
Sector Oil/Gas Exploration
DESCRIPTION

Shell Pipeline Company LP, engages in the pipeline transportation business.

DEAL STATS #
Overall 1 of 3
Sector (Energy Services and Equipment) 1 of 3
Type (Divestiture) 1 of 2
Country (Mexico) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-17 Zydeco Pipeline

United States

Zydeco Pipeline Co. LLC is an own and operator of energy services.

Sell -
Mergr

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