M&A Deal Summary

Sprague Acquires Capital Properties - Petroleum Storage Facility

On January 25, 2017, Sprague acquired energy services and equipment company Capital Properties - Petroleum Storage Facility from Capital Properties for 23M USD

Acquisition Highlights
  • This is Sprague’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Sprague’s 2nd largest (disclosed) transaction.
  • This is Sprague’s 4th transaction in the United States.

M&A Deal Summary

Date 2017-01-25
Target Capital Properties - Petroleum Storage Facility
Sector Energy Services and Equipment
Buyer(s) Sprague
Sellers(s) Capital Properties
Deal Type Divestiture
Deal Value 23M USD

Target

Capital Properties - Petroleum Storage Facility

Rhode Island, United States
Capital Properties - Petroleum Storage Facility incldues petroleum storage terminal in US.

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Buyer(S) 1

Buyer

Sprague

Portsmouth, New Hampshire, United States

Category Company
Founded 1870
Sector Energy Services and Equipment
Employees765
Revenue 2.3B USD (2020)
DESCRIPTION

Sprague is a master limited partnership engaged in the purchase, storage, distribution, and sale of refined petroleum products and natural gas. Sprague also provides storage and handling services for a broad range of materials. Sprague was founded in 1870 and is based in Portsmouth, New Hampshire.


DEAL STATS #
Overall 5 of 5
Sector: Energy Services and Equipment M&A 3 of 3
Type: Divestiture M&A Deals 4 of 4
Country: United States M&A 4 of 4
Year: 2017 M&A 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-24 L. E. Belcher - Terminal and Storage Assets

Springfield, United States

L. E. Belcher, Inc. - Terminal and Storage Assets is a provider of energy services.

Buy $20M

Seller(S) 1

SELLER

Capital Properties

Dar es Salaam, Tanzania

Category Company
Sector Real Estate
DESCRIPTION

Capital Properties comprises three office blocks on a single prime site in Dar es Salaam.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
Size (of disclosed) 1 of 1