M&A Deal Summary

Sunoco Acquires American Midstream Partners - Refined Products Terminalling Business

On November 15, 2018, Sunoco acquired energy services and equipment company American Midstream Partners - Refined Products Terminalling Business from American Midstream Partners for 125M USD

Acquisition Highlights
  • This is Sunoco’s 1st transaction in the Energy Services and Equipment sector.
  • This is Sunoco’s 3rd largest (disclosed) transaction.
  • This is Sunoco’s 8th transaction in the United States.
  • This is Sunoco’s 1st transaction in Colorado.

M&A Deal Summary
Date 2018-11-15
Target American Midstream Partners - Refined Products Terminalling Business
Sector Energy Services and Equipment
Buyer(s) Sunoco
Sellers(s) American Midstream Partners
Deal Type Divestiture
Deal Value 125M USD

Target

American Midstream Partners - Refined Products Terminalling Business

Denver, Colorado, United States
American Midstream Partners LP - Refined Products Terminalling Business consists of terminals located in Caddo Mills, Texas and North Little Rock, Arkansas with a combined 21 tanks, approximately 1.3 million barrels of storage capacity and approximately 77,500 barrels per day of total throughput capacity.

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Buyer(S) 1

Buyer

Sunoco

Dallas, Texas, United States
Category Company
Founded 2012
Sector Distribution
Employees2,389
Revenue 23.1B USD (2023)
DESCRIPTION

Sunoco is a master limited partnership (MLP) that primarily distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors. Sunoco was founded in 2012 and is based in Dallas, Texas.

DEAL STATS #
Overall 8 of 11
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 4 of 6
State (Colorado) 1 of 1
Country (United States) 8 of 11
Year (2018) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 Sunoco - Convenience Stores

Houston, Texas, United States

Sunoco's convenience stores consist of 1,110 convenience stores in 19 geographic regions primarily along the East Coast US and in Texas. Also included in the sale are the associated trademarks and intellectual property of the Laredo Taco Company and Stripes.

Sell $3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-18 Schmitt Sales - Wholesale Fuel Distribution

Williamsville, New York, United States

Schmitt Sales, Inc. - Wholesale Fuel Distribution is a provider of fuel distribution services in New York.

Buy -

Seller(S) 1

SELLER

American Midstream Partners

Denver, Colorado, United States
Category Company
Founded 2009
Sector Oil/Gas Exploration
Revenue 652M USD (2017)
DESCRIPTION

American Midstream Partners is a growth-oriented natural gas pipeline company that gathers, treats, processes, and transports natural gas. American Midstream Partners owns and operates nine gathering systems, three processing facilities, two interstate pipelines, and six intrastate pipelines. American Midstream Partners was formed in 2009 and is headquartered in Denver, Colorado.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 2
State (Colorado) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 JP Energy Partners

Irving, Texas, United States

JP Energy Partners LP is a limited partnership focused on the gathering, storage and movement of crude oil, refined products, and natural gas liquids from production in key basins to consumer end markets. JP Energy Partners was founded in 2010 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 American Midstream Partners - North Dakota Assets

United States

American Midstream Partners LP - North Dakota Assets provides regional producers with flexibility and access to the refinery, rail and pipeline markets.

Sell -
Mergr

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