M&A Deal Summary

USD Partners Acquires USD Group - Hardisty South terminal assets

On March 28, 2022, USD Partners acquired energy services and equipment company USD Group - Hardisty South terminal assets from USD GROUP for 75M USD

Acquisition Highlights
  • This is USD Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is USD Partners’ 2nd largest (disclosed) transaction.
  • This is USD Partners’ 1st transaction in Canada.
  • This is USD Partners’ 1st transaction in Alberta.

M&A Deal Summary
Date 2022-03-28
Target USD Group - Hardisty South terminal assets
Sector Energy Services and Equipment
Buyer(s) USD Partners
Sellers(s) USD GROUP
Deal Type Divestiture
Deal Value 75M USD

Target

USD Group - Hardisty South terminal assets

Hardisty, Alberta, Canada
USD Group's Hardisty South terminal assets load up to one and a half 120-railcar unit trains per day and consist of a fixed loading rack with 32 railcar loading positions. USD Group's Hardisty South terminal assets are based in Hardisty, Alberta.

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Buyer(S) 1

Buyer

USD Partners

Houston, Texas, United States
Category Company
Founded 2014
Sector Infrastructure
Revenue 112M USD (2022)
DESCRIPTION

USD Partners is a master limited partnership formed by US Development Group, LLC to acquire, develop and operate energy-related rail terminals and other high-quality and complementary midstream infrastructure assets and businesses. USD Partners was founded in 2014 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-12 Casper Crude to Rail

Casper, Wyoming, United States

Casper Crude to Rail LLC is a company develop, construct and operate crude oil rail infrastructure.

Buy $225M

Seller(S) 1

SELLER

USD GROUP

Houston, Texas, United States
Category Company
DESCRIPTION

USD GROUP LLC engages in designing, developing, owning and managing large-scale multi-modal logistics centers and energy-related midstream infrastructure assets across North America.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Bayport Rail Terminal

United States

Bayport Rail Terminal is a 115-acre rail, truck, and container terminal that provides critical last-mile logistics infrastructure and services to the chemical industry on the Bayport Loop and the Port of Houston.

Sell -
Mergr

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